Thailand’s industrial output slightly increases in November
Economists attributed the better than expected manufacturing performance in November to higher auto production ahead of new domestic taxes to be implemented in 2016 and jewellery production for year-end gifts. Industrial goods comprised 79% of November’s total exports, which declined 7.4% from a year earlier. For 2015, the ministry expects output to fall or rise by 0.5% while an increase of 2-3% is expected for next year.
Meanwhile, the Bank of Thailand revised its 2015 economic growth forecast to 2.8% from 2.7% while revising down the forecast for 2016 to 3.5% from 3.7%. The country’s economy posted a growth rate of 0.9% in 2014.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Activity pick-up sends Asian spot C3 market into recovery mode
- Total polymer imports to EU28 hit record high in 2019
- March PE expectations in Turkey weighed by new capacities, cooling demand
- PP prices hit 4-year low in China as demand remains minimal
- Taiwanese major’s March PVC offers to Asia up despite virus fears
- Virus-impacted demand inflicts toll on Vietnam's PE market
- HDPE fails to track firmer trend of LD, LLDPE in Europe
- China’s ABS market on soft path dragged by subdued demand
- Softening trend prevails in SEA PP market as virus fears dampen sentiment
- Chinese producers cut PET offers further amid coronavirus outbreak