Thailand: Manufacturing production records largest contracts in six months in April
Manufacturing output fell 3.3% month-on-month in seasonally-adjusted terms in April (March: -0.9% mom).
On an annual basis, manufacturing production plunged 8.1% in April, which was significantly below March’s 3.9% fall. Moreover, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 1.6%, down from March’s minus 1.0% reading.