Thailand: Manufacturing output drops markedly in February
Manufacturing output fell 1.6% year-on-year in February, contrasting the upwardly revised 0.6% expansion in January (previously reported: +0.2% year-on-year). The result reflected drops in the production of food products; rubber and plastic products; computer and electronic products; and chemicals and chemical products. These offset steady growth in the output of motor vehicles, trailers and semi-trailers as well as coke and refined petroleum products.
In month-on-month terms, manufacturing output contracted 2.9% in February, swinging from a 0.1% increase in January. Finally, annual average manufacturing output moderated from 3.2% in January to 2.7% in February.