reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=THMPI%3DECI poll data
Nov factory output seen down 7.1% y/y vs Oct’s 8.45% drop
Data due Wednesday, Dec 25, around 0330 GMT
BANGKOK, Dec 24 (Reuters) – Thailand’s annual manufacturing output likely fell for the seventh straight month in November, but at a slower pace than in the previous month, a Reuters poll showed on Tuesday.
The manufacturing production index likely fell 7.1% in November from a year earlier, after 8.45% contraction in October, according to the median forecast of six economists.
Industrial goods exports, which account for about 80% of Thailand’s total shipments, dropped 6.4% in November from a year earlier.
Exports have been affected by global trade tensions and the strength of Thai baht THB=TH, Asia’s best performing currency this year so far.
(Reporting Satawasin Staporncharnchai; Editing by Orathai Sriring and Rashmi Aich)
(([email protected]; +662 0802309; Reuters Messaging: [email protected]))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
