InfoQuest (August 31, 2021) -- According to the Office of Industrial Economics (OIE), Thailand saw its MPI up 5.12 percent to 91.41 in July from the low base last year as a result of the pandemic, but the growth rate has slowed down.
The industrial labor index rose by 3.41 percent, mirroring the normal employment and manufacturing production amid the pandemic.
The global economy gradually picks up thanks to the economic stimulus measures and progress of COVID-19 vaccination in various countries, boosting Thai commodity exports (excluding gold, oil and weapons and equipment) to continue to grow by double digits in July.
Automobile production in Thailand rises markedly from the low base last year as a result of the lockdown policy. The sales volume dipped in July due to chip shortage and weak domestic purchasing power.
From January to July, MPI rose by an average of 8.91 percent.
Source: InfoQuest, by Papatson Ongphichetmetha/Rachada Kongkhunthian/, translated by Xinhua Silk Road
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