OIE: global economic slowdown leads to a 4.4 percent MPI drop in Aug.

InfoQuest (Sept. 24, 2019) -- The Office of Industrial Economics (OIE) announced that MPI in August 2019 was 100.58, a 4.4 percent year-on-year decrease, mainly caused by sustained slowdown of global economy and trade.

The main industries weighing on the MPI were automobile and engine, electronic component, rubber products, base steel, and sugar.

Industries that posted strong growth included: hard disk drive, frozen food, drinking water, alcohol, and palm oil.

Source: InfoQuest, by Tanawat Suayaem / Kasamarporn / Rachada, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Reading:

AOT approves licensing guidelines on airport duty free pick-up counters

Progress of the registration of the "food, shopping, and consumption" program revealed

SET to co-op with Clearstream in global mutual fund for foreign inv't in Thai mutual fund

China Focus: China, ASEAN embrace shared future along Belt and Road

Thailand sees 4-pct down in Aug. exports