MPI decreases for 17th month in a row

PUBLISHED : 29 Mar 2024 at 05: 48 Workers check guest carsandtrucks at an automobile production plant in Chon Buri. A decrease in automobile production significantly impacted last month’s MPI. (Photo: Somchai Poomlard) Thailand’s Manufacturing Production Index (MPI) dipped for a 17th successive month in February, falling by 2.8% year-on-year to 99.2 points, as a outcome of lower production in secret locations like the automobile market, states the Office of Industrial Economics (OIE). Thailand continues to battle with high family financialobligation and weak acquiring power, the workplace stated. “A drop in vehicle production significantly impacted the MPI. Domestic sales of pickups turned slow in the domestic market, following banks’ morestringent requirements to grant vehicle loans,” stated Warawan Chitaroon, director-general
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