Thai August factory output rises 4.44% y/y, beats forecast
Thailand's manufacturing production index increased by 4.44% year-over-year in August, surpassing market expectations. This represents a significant improvement from the previous year's figure. The ministry attributed this growth to several factors, including higher electronic output, government stimulus measures, and a weaker Thai baht.
Supakit Boonsiri, head of the ministry's industrial economics office, explained the methodology change that added new electronics products and adjusted weightings to better align with the country's evolving economic structure.
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