Thailand’s overall industrial production dropped in May amid supply shortage and growing inflationary pressure.
The Manufacturing Production Index (MPI) dropped to 98.05 in May, down 2.11 percent from the same period last year, despite an average gain of 0.57 percent from January through May of this year, the Office of Industrial Economics reported on Wednesday.
In May, the country’s capacity utilization rate (CapU) was 62.42 percent, up from 58.54 percent in April, and 64.11 percent on average for the first five months.
Key factors affecting May production include China’s partial lockdown, which resulted in a supply shortage, particularly of semiconductors used in automobiles and IT devices.
Meanwhile, inflationary pressures remain on the manufacturing sector.
The producer price index for industrial products increased by 11.8 percent in May. (versus 11.4 percent growth in April).