Rubber products are one of major performers of Thailand's Manufacturing Production Index. (Source: VNA)Bangkok (NNT/VNA) – Thailand's ManufacturingProduction Index in 2017 showed 1.58 percent growth from a previous year withrubber products, automobiles, automobile engines, vegetable oil, and petroleumbeing major performers.
Office of Industrial Economics' (OIE) Director SirirujChulakaratana revealed Thailand's MPI in December 2017 grew by 2.35 percentfrom the same period a year earlier, thus seeing 2017's overall figure expandby 1.58 percent.
The manufacturing of rubber products grew by 28.92 percentdue to a better rubber supply and increased volume of rubber export to China,while the manufacturing of sedans and pick-up trucks with engines no more than1800 cc caused the automobile sector to grow by 13.53 percent, which wasattributed to the automobile engine manufacturing which expanded 24.15 percent.
The manufacturing of vegetable oil grew by 57.19 percent,mostly due to the increased supply of palm oil as raw material, and thepromotion of palm oil export to India and China. The manufacturing of oil,mostly being gasohol 95 and naphtha grew by 10.63 percent.
The projected uptrend during the first quarter of 2018includes the growth in food industry at 4.7 percent due to the rising demandsfor chicken products, and 2.97 percent growth in automobile industry, given theexpected manufacturing of 500,000 vehicles throughout this year.
The electricity and electronics industry is expected to growby 2.76 percent due to the demand of appliances and computer parts, while thesteel and iron industry is expected to grow by 3.21 percent from the expectedrecovery of steel rods demands in construction.
The garment industry is expected to grow by 0.87 percent,with 5.12 percent increase in the production of textiles, and 6.28 percentincrease in ready to wear clothes from better performing economy at tradepartner countries such as China, Japan, Vietnam, and CLMV countries.-VNA
VNA
