The industrial economic status in Q1/ 2022, when considered from the Manufacturing Production
Index (MPI), it increased by 1.4 percent slowed down when compared to Q4/2021, which increased by 4.7
percent, some parts which are affected by limitations in the global supply chain. Key industries that expanded in Q1/2022 were petroleum refining as a result of the policy of opening the country to accept foreign tourists in this year and including the relaxation of the policy to control the pandemic of COVID-19 more after the population has been vaccinated thoroughly and comprehensively causing more travel compared to the same period last year, the government maintained a strict pandemic control policy. Sugar due to this year, there were more sugarcane entering into the factory than the previous year. Automobiles with the main factor coming from the COVID-19 pandemic situation gradually unraveling and this year the farmers income has increased more than the previous year. Electronic components due to world markets continuing to have increasing demand for electronic components. Beer production increased production because the government has relaxed more measures to control the pandemic in the restaurant and service sectors since the end of last year including the producers have raised beer prices according to the higher cost that makes stores stock more products.
Source: Office of Industrial Economics of Thailand
Comments are closed