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Bangkok Post
Bangkok Post
Business
ONLINE REPORTERS

MPI up 4% last month

Potntial buyers are given details of a new model at a motor show in Nonthaburi province. Automobile production was a major factor boosting manufacturing in October. (File photo)

The manufacturing production index in October was at 112.79, up 4.08% year-on-year and 1.55% from the previous month on automotive, cigarette, sugar, petroleum and air-conditioner production.

Aditad Vasinonta, deputy director-general of the Office of Industrial Economics, reported the figures on Tuesday.

He said that the production of automobiles and engines grew 16.73% mainly on the expansion of the local market as new models were launched. Outstanding growth was seen with the production of diesel engines, pickup trucks and medium-sized cars.

The production of cigarettes rose by 434.61% due to a low base in the same period last year when the excise tax was raised on cigarettes.

Sugar production was up by 145.09% due to unusually high sugarcane yields. The production of petroleum oil increased by 9.84% on rising demand from the transport sector based on economic growth.

The production of air-conditioners and parts rose by 18.54% on higher domestic demand and orders from Japan which is a major market as well as from Africa and Indonesia, Mr Aditad said.

In October, industries used 67.75% of their production capacities.

Earlier: MPI in September saw a year-on-year contraction for the first time in 17 months.

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