InfoQuest (December 30, 2021) -- According to the Office of Industrial Economics (OIE), the manufacturing production index (MPI) in November was 101.38, up 4.84 percent from last year and 3.0 percent from last month. In the first 11 months, MPI grew by an average of 5.84 percent.
In November, the capacity utilization rate (CapU) was 65.81 percent, slightly higher than 64.14 percent in October. The capacity utilization rate from January to November was 63.50 percent.
The main influencing factors in November were as follows:
The easing pandemic in factories was reflected by the 1.1 percent increase in the industrial labor index in November, the first up-regulation in the past four months.
The loosening of pandemic prevention measures and the opening of the door to foreign tourists stimulate economic activities and domestic demand, mirrored in the double-digit growth of the oil refining industry.
New Year's Day approaching, the sales volume of relevant products surge, including food and drinks, clothing, jewelry accessories, etc.
Countries have relaxed their lockdown measures and successively introduced economic stimulus measures to restore demand, bringing about ring exports of Thailand.
Source: InfoQuest, by Rachada Kongkhunthian/Tanawat Suayaem, translated by Xinhua Silk Road
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