May auto output dips on export slowdown

May auto output dips on export slowdown

Automotive output in May dropped by 6.11% year-on-year to 181,338 units on an export slowdown, the Federation of Thai Industries (FTI) said on Thursday.

The output represented a 20.7% increase from April.

Surapong Paisitpatanapong, spokesman of the FTI's automotive industry club, said the production of passenger cars and pickup trucks for exports fell last month.

Auto exports in May fell 3.6% to 95,331 units on a slowdown in markets such as Oceania, Central and South America and Africa. In baht terms, they dropped by 6.2% to 48.65 billion baht.

Domestic car sales totalled 88,097 units last month, up by 3.7%, on improved local sentiment.

"The auto market was driven by the government's supportive measures in the past for farmers and low-income earners. They helped increase spending and circulation in the country.

"New investment plans from both public and private sectors and the growing number of visitors to Thailand remain healthy to support overall gross domestic product and the auto market," Mr Surapong said.


Do you like the content of this article?
COMMENT (2)

Farmers given 90 days to hand in chemicals

Manufacturers or importers of hazardous agrochemicals paraquat and chlorpyrifos -- which are banned under Thai law -- have 270 days to destroy their stock while a 90-day deadline has also been given to farmers to return the chemicals for destruction as their possession is considered illegal, the Department of Agriculture says.

08:29

US indicts NKoreans, Chinese over $2.5 bn network to dodge sanctions

WASHINGTON: The US Justice Department indicted 28 North Koreans and five Chinese on Thursday for operating a money laundering ring that moved billions of dollars through global banks to avoid nuclear sanctions on Pyongyang.

07:55

10% of diabetics die within days of coronavirus hospitalisation

PARIS: One in 10 diabetics with coronavirus dies within seven days of hospital admission, according to a study of more than 1,300 patients published Friday in the journal Diabetologia.

07:45