Output ticks up for automobiles

Thailand's Manufacturing Production Index (MPI) increased by 0.58% year-on-year to 97.35 points in June, driven by the recovery of the car market, an increase in exports and state stimulus measures, says the Office of Industrial Economics (OIE).

- LAMONPHET APISITNIRAN

However, the MPI fell by 3.47% from May when it was 100.79 points.

Car bookings at the 12-day Bangkok International Motor Show, which ended in early April, prompted car manufacturers to increase production to deliver cars to customers, contributing to the higher May MPI.

Passakorn Chairat, director-general of the OIE, is upbeat about the MPI in June.

"The increase in MPI reflected a positive sign for the manufacturing sector," he said.