Supporting the Manufacturing Production Index in March 2023, expanding by 5.47%
Mrs. Worawan Chitarun, director-general of the Office of Industrial Economics (OIE), revealed that the Manufacturing Production Index (MPI) in March 2023 was at 104.65, expanding by 5.47 percent compared to the previous month. The capacity utilization rate was 66.06 percent, resulting in the Industrial Production Index in the first quarter of 2023 at 101.07, an increase of 7.40 percent compared to the previous quarter. as a result of the domestic economy gradually improving This was supported by the continuous recovery of the tourism sector. from the increasing number of foreign tourists and government measures to promote domestic tourism As a result, the demand for related industrial products increased. However, it was still affected by the uncertainty of the global economy. accompanying the country Many major trading partners continue to face inflation problems. and continuous policy interest rate hikes As a result, the demand for foreign purchases slowed down.
The main industry that contributed to the index in March 2023 was automobiles, expanding 8.18 percent from more semiconductor components in many car models. enabling increased production oil refining grew by 6.15% from jet fuel production and gasohol according to the increasing number of foreign tourists and air conditioning grew by 7.09 percent from the demand of export markets to ASEAN countries. and accelerating the delivery of small air conditioners in accordance with the increasing demand of trading partner countries.
The OIE has forecasted that the Industrial Production Index in April 2023 will continue to improve due to domestic factors recovering in line with consumption and tourism. increased investment The expansion of the construction sector has a positive effect on related industries. Entrepreneurs are confident that the Thai economy will expand. and resulting in better sales in the future for external factors The demand of major trading partners has an upward trend, namely Japan and China after opening up the country. The export sector is likely to slow down due to the global economy. Inflation problems and monetary policies of many countries Including the protracted war in Ukraine. and a reduction in oil production
“In addition, OIE has conducted an in-depth study and analysis of industrial economic impacts to support industrial development. Found that the hard disk industry, textiles and clothing, rubber gloves, iron and steel wooden furniture and plastic pellets There is a tendency for production and exports to slow down. Affecting the overall picture of the economy. OIE has scheduled a focus group seminar in May 2023 in order to know the real problems and obstacles and find ways to help the industry in the future.
The main industries that contributed to the MPI in March 2023 compared to the same period last year were motor vehicles, which grew by 8.18 percent from the same period last year from medium and small passenger cars. with expansion in the export market After getting more semiconductor parts in some cars products obtained by distillation of petroleum Percent growth from the same period last year 6.15 Mainly from jet fuel and gasohol products. To use in increasing travel, both air and land transport after the country has fully opened up to foreign tourists and measures to promote domestic tourism. air conditioner An increase of 7.09 percent from the same period last year due to the demand from export markets to ASEAN countries such as Vietnam and the Philippines. Including the acceleration of delivery to trading partner countries as the demand for small air conditioners expands.
Other rubber products grew by 6.06 percent from the same period last year, mainly from blocked rubber products. to support exports by receiving more orders from China coupled with the low base last year, palm oil An increase of 11.58 percent from the same period last year from crude palm oil and refined palm oil. This year, there was a large amount of palm oil production in the market. therefore speeding up production stock for sale
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