Thailand's Manufacturing Production Activity Expands For 1st Time In 23 Months
Umer Jamshaid Published April 28, 2021 | 04:51 PM
Thailand's manufacturing production index (MPI), a gauge of manufacturing activity, rose for the first time in 23 months to 107.73 in March, the highest level in two years, official data showed Wednesday
BANGKOK, (UrduPoint / Pakistan Point News - 28th Apr, 2021 ) :Thailand's manufacturing production index (MPI), a gauge of manufacturing activity, rose for the first time in 23 months to 107.73 in March, the highest level in two years, official data showed Wednesday.
The MPI rose 4.12 percent from a year earlier, in its strongest growth since October 2018, according to the Office of Industrial Economics.
The strong rebound came after improving demand from the country's trading partners and a low comparative base in the same period of last year.
The country's manufacturing capacity utilization rate rose to 69.59 percent, from 65.06 percent in the previous month, thanks to the government's economic stimulus measures and development in the COVID-19 vaccine rollout, which helped boost the confidence of manufacturers and consumers.
Recent Stories
Ukraine trying to 'stabilise' front as Russia pushes northeast
SPSC announces final results of Combined Competitive Examination 2020
Slovak PM is able to speak few sentences in serious condition
Agriculture dept using all resources to obtain cotton sowing target
Tunisia president blasts foreign criticism of arrests
Court seeks arguments in PTI founder's bail plea
'Good neighbour': The small-town Slovak writer suspected of PM shooting
Russia expels UK defence attache in tit-for-tat move
Court reserves verdict in PTI founder's acquittal plea
Cannes film shocks with fairy-tale horror on abortion
Turkey court jails Kurdish leader for 42 years over 2014 unrest
KP Governor; Aftab Sherpao discuss political situation of KP
More Stories From Business
-
Stocks waver after hitting record highs
3 hours ago -
WHO Report debunks myths on illicit cigarette trade in Pakistan
4 hours ago -
Alternate Executive Directors ADB calls on Finance Minister
4 hours ago -
Pakistan's total liquid foreign reserves surge over $ 14.62 billion
5 hours ago -
Women playing pivotal role in shaping digital future: Shaza
5 hours ago -
Online open court at Tax House Peshawar on May 21
4 hours ago
-
Textile unit imposed fine
7 hours ago -
AG KP agrees to ensure withholding of sales tax on service
7 hours ago -
Integrated system to be evolved to promote trade, investment: Aleem Khan
7 hours ago -
MD SIDB directs revival of skilled imparting centres
7 hours ago -
Economic sovereignty directly linked with exports: FCCI president
7 hours ago -
Rupee loses 14 paisa against Dollar
7 hours ago