MPI rises for second month as normalcy resumes

MPI rises for second month as normalcy resumes

Thailand's manufacturing production index (MPI) in June increased for the second consecutive month by 4.1% to 83.0 points as people begin to resume their normal spending, says the Office of Industrial Economics (OIE).

Consumer products, notably food and medicines, drove MPI gains, following a slight increase in May when the government started easing lockdown measures.

OIE chief Thongchai Chawalitpichaet said the trend should continue in the second half as people adjust to a new way of living, more aware of hygiene standards.

They will gradually resume daily routines, eventually buying more, said Mr Thongchai.

"Demand for non-durable items should increase later this year, but the trend for durable products [which are more expensive] looks set to slow down," he said.

Despite the increase in June, the index still decreased by 17.6% year-on-year because of the Covid-19 impact on Thai and global economies.

"Many countries used lockdown measures to control the virus, causing businesses to temporarily shut down and reduce their employees," Mr Thongchai said.

The MPI in the second quarter this year stood at 80.2 points, a decrease of 19.9% year-on-year. The index in the first half of this year stood at 91.5 points, a drop of 12.8%.

According to the OIE, capacity utilisation in June increased to 55.2%, from 52.3% in May. In the second quarter, capacity utilisation was 52.9%.

The animal feed industry in June increased by 10.7% year-on-year because of higher demand.

The household appliance industry, mainly microwaves, thermoses and refrigerators, gained by 12.7% thanks to domestic, Asean and Japan sales, with more people spending time at home. Canned seafood and milk and dairy business also expanded 30.4% and 11.7%, respectively.

Do you like the content of this article?

Prosecution drops junta's contempt of court charge against Piyabutr

Contempt proceedings brought against law academic Piyabutr Saengkanokkul for criticising a decision of the Constitutional Court have been brought to an end, with with police deciding not to oppose the prosecutor's decision to drop the charge, his lawyer said on Monday.


18m infected

Australia's second-largest city starts 6-week curfew, Philippine capital back into lockdown as number of global coronavirus cases tops 18 million.


At least 20 dead in Afghan prison raid claimed by IS: officials

JALALABAD (AFGHANISTAN): At least 20 people have been killed in fighting between security forces and Islamic State gunmen raiding an Afghan jail, officials said Monday, after the jihadist group claimed the ongoing attack.