InfoQuest (February 26, 2021) – The Director-General with the Office of Industrial Economics of Thailand Thongchai Chawalitphichet announced a year-on-year drop of 2.8 percent to 101.82 for the Manufacture Production Index (MPI) in January 2021, due to the second outbreak of the COVID-19 pandemic, but the capacity utilization (CapU) was 66.41 percent, up 63.16 percent from December 2020.
In January 2021, the export of gold products and special commodities surged 8.22 percent, which was the second consecutive month of growth and the highest growth rate in the past 29 months.
This Office forecasts a 2.0-3.0 percent growth for MPI and a 2.5-3.5 percent growth for industrial GDP in 2021 if the baht exchange rate remains at one U.S. dollar to 29-31 baht and Dubai crude oil price remains between 48-55 U.S. dollars/barrel.
Source: InfoQuest, by Tanawat Suayaem/Rachada, translated by Xinhua Silk Road
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