ID :
135931
Tue, 08/03/2010 - 12:29
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Shortlink :
http://m.oananews.org//node/135931
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Thailand's 2010 Industrial index forecast to grow 15-16%
BANGKOK, Aug 3 – Thailand’s Office of Industrial Economics (OIE) has upwardly revised its forecast of the industrial indexes in 2010 to double to 15-16 per cent.
OIE Director-General Suttinee Poopaka said the Manufacturing Production Index (MPI) in the first half of this year rose 24 per cent, a constant growth from the fourth quarter last year in which the MPI expanded 11.5 per cent.
The average capacity utilisation rate was 62.9 per cent, reflecting robust expansion. Production capacity in several industries rose at a rate that may indicate the need for more investment in machinery, Ms Suttinee said.
Otherwise, production capacity will not meet the rising demand for goods.
Consequently, the OIE has raised the industrial indexes in 2010 to 15-16 per cent, doubled from its projection at the beginning of this year.
The MPI in June expanded 14.34 per cent and capacity utilisation stood at 65.6 per cent, indicating the strength of Thai industries, which have received overseas orders and were able to deliver goods in time as the global economy is recovering.
Industrial expansion in the first half of this year was at a satisfactory level despite the political turmoil of March to May. The main industries for which Thailand is a production base for export grew robustly.
The auto industry has produced almost 770,000 units, an increase of 97 per cent, and constant expansion is expected in the second half of this year.
The target of the whole year’s production is forecast at around 1,600,000 units, a 60-per cent increase with about 700,000 units for domestic sales and 900,000 units for export. (MCOT online news)
OIE Director-General Suttinee Poopaka said the Manufacturing Production Index (MPI) in the first half of this year rose 24 per cent, a constant growth from the fourth quarter last year in which the MPI expanded 11.5 per cent.
The average capacity utilisation rate was 62.9 per cent, reflecting robust expansion. Production capacity in several industries rose at a rate that may indicate the need for more investment in machinery, Ms Suttinee said.
Otherwise, production capacity will not meet the rising demand for goods.
Consequently, the OIE has raised the industrial indexes in 2010 to 15-16 per cent, doubled from its projection at the beginning of this year.
The MPI in June expanded 14.34 per cent and capacity utilisation stood at 65.6 per cent, indicating the strength of Thai industries, which have received overseas orders and were able to deliver goods in time as the global economy is recovering.
Industrial expansion in the first half of this year was at a satisfactory level despite the political turmoil of March to May. The main industries for which Thailand is a production base for export grew robustly.
The auto industry has produced almost 770,000 units, an increase of 97 per cent, and constant expansion is expected in the second half of this year.
The target of the whole year’s production is forecast at around 1,600,000 units, a 60-per cent increase with about 700,000 units for domestic sales and 900,000 units for export. (MCOT online news)
