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Manufacturing Rises Amid Steady Growth in Thailand.
Byline: Parista Yuthamanop
Oct. 1--Economic expansion remained steady in August, despite growing uncertainties in global markets, according to the latest data from the Bank of Thailand.
Export performance, domestic consumption and investment were unaffected by the US recession and growing jitters about a US-Iraq war, said Atchana Waiquamdee, the senior director of the central bank's Monetary Policy Group.
Manufacturing grew by 11.4 percent in August, compared with the same month last year, due to low base effects and a seasonal build-up of inventories in the tobacco sector. Capacity utilisation in August was 61.2 percent, the highest in four ...
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Source: HighBeam Research, Manufacturing Rises Amid Steady Growth in Thailand.