Manufacturing Production Index grew 5.53% year-on-year in May

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BANGKOK, June 28 – Thailand’s Office of Industrial Economics (OIE) Director Sophon Pholprasit said the country’s Manufacturing Production Index grew 5.53 per cent year-on-year last month, the highest growth in five months.

The MPI in May 2012 stood at 187.99, improving from the flood crisis last year.

The highest rise in five months resulted from the auto industry’s speeding up production to offset suspended orders and last year’s lower-than–normal figure due to supply chain disruption in the aftermath of Japan’s quake.

However, the electronic components industry has yet to return to normal.

Compared to the previous month, when the MPI stood at 165.21, the MPI in May grew 13.79 per cent supported by production of these industries – auto, hard disk drive, canned and frozen seafood, air conditioners and garments —  with 75 per cent capacity in use.