MPI up for fifth consecutive month on export growthThe value of exports in July hit 700 billion baht. Arnun ChonmahatrakoolThailand' manufacturing production index (MPI) in July increased by 5.12% year-on-year for the fifth consecutive month to 91.41 points, thanks to export growth. Thai export value in July stood at 700 billion baht, which was good for the domestic economy, said Industry Minister Suriya Jungrungreangkit. OIE maintains its forecast for the MPI, expecting it will increase by 4-5% this year due to global economic recovery, lockdown easing and the mass vaccination scheme. Global economic recovery fuelled automotive manufacturing which rose by 31.49% year-on-year.

Source: Bangkok Post August 30, 2021 23:26 UTC