Thailand: Manufacturing activity grows at fastest pace since December 2021 in May
Manufacturing production increased 3.1% month-on-month in seasonally-adjusted terms in May (April: -3.8% mom). The figure marked the best reading since December 2021.
On an annual basis, manufacturing production declined 3.1% in May, easing notably from April’s 8.7% fall. Meanwhile, annual average of manufacturing production was unchanged at April’s 1.7% in May.