The OIE reported yesterday that the MPI in September saw a year-on-year contraction for the first time in 17 months, falling 2.6% to 111.2 points. According to the OIE, automotive output for export in September fell by 13.7% to 104,163 units. The OIE reported that the industrial utilisation rate in September stood at 66.35%, unchanged from the month before. The OIE forecasts the index for October to edge up 0.19% because local purchasing power remains shaky, particularly for farmers. The OIE said potential growth in some industrial products could offset declines in others.

Source: Bangkok Post October 30, 2018 23:26 UTC