FILE PHOTO: Workers sit next to an empty containers at a port in Bangkok March 30, 2015. REUTERS/Athit Perawongmetha
BANGKOK - 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., Asia's best performing currency this year so far.
Not a good news for the Thai Economic since the goods export is the backbone of the country.
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