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

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Thailand’s Office of Industrial Economics (OIE) Director Sophon Pholprasit said the country’s Manufacturing Production Index grew 5.53 percent 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 percent supported by production of these industries – auto, hard disk drive, canned and frozen seafood, air conditioners and garments – with 75 percent capacity in use.