The Road To Hell… The Manufacturing Production Index plunged by 21,3 % in january, compared to january 2008. In december, it was -18 %, and in november – 7%.
For the definition of the MPI (Bank Of Thailand) click here.
Now, the chart with the index values.
The red dots are april months. During the Songkran Festival (thai new year), the production always fall (many companies close 5 days).
Anyway, no surprise. Exports are taking a big blow.. the industrial production has to follow. And will continue to do so…