Industrial index without positive factors Target cut this year's target from 0-1% again, hoping the stimulus measures implemented.

The Office of the Registrar of Thailand holds the MPI without positive factors Target cut this year down from 0-1% again, hoping to stimulate the economy to support the economy. The final curve pushes forward to next year.

Industrial index without positive factors – Mr Aditat Wasinont, deputy director of the Office of Industrial Economics (SorBorTor.) Revealed that the Industrial Production Index (MPI) in August at the level of 100.58 contracted 4.4% from the same period of the year. Before at 105.22, reflecting the overall industry can not recover in the near future. As some industries were affected by the world economy and global trade slowed continuously and international orders slowed down. Combined with the appreciation of the baht Makes exports difficult Resulting in the export of industrial products (Excluding gold) contracted by 9.2%

In addition, imports of raw and semi-finished goods (Excluding gold) contracted by 13.2%, the capacity utilization rate is 65.75%, affecting the manufacturing sector in the next phase, reflecting the production is still not bright, but the OES hopes that by the end of this year will benefit From purchasing power at the end of the year that is going into the New Year festival And government stimulus measures in the amount of 316,813 million baht will help increase the money flow in the economy. And create momentum for the economy for the rest of this year and 2020 to expand

"The OIE accepts MPI in September. It is expected that it will not be worse than this. The OESEC thinks that the government's stimulus measures will cause money to flow into the economy 4-5 times, resulting in purchasing power to help support the industrial sector to be positive and Support the economy not to slow down more than this in the short term But must monitor various factors Month by month Because the KPI currently does not have a very positive direction, which OECS will gather data for September If there is no positive direction, it is possible that the OEC has to revise the MPI and Gross Domestic Product (GDP) estimates this year, down from the current expected at 0. -1% or the median is 0.5% "

Meanwhile, the automotive industry in August. 2019 also decreased 8.2%, which is the fourth consecutive decline, both from domestic sales decreased 6.9% and exports decreased by 20.5%. Plastic pellets contracted 2.7% due to the fluctuation of oil prices after the attack. Refinery in Saudi Arabia Therefore, keep an eye on the world crude oil price which affects the cost of plastic products in the future. Food contracted by 1.7% due to the slowdown of the world economy and world trade which was affected by the China-US trade protectionist measures.

As for the effects of floods in the northeastern region from the initial assessment by the Ministry of Agriculture and Cooperatives The agricultural area has been damaged about 2 million rai, the area of ​​Ubon Ratchathani Province. Estimated to be damaged about 500,000 rai, which OIE estimates that it should not have much impact on the overall food industry. Because most are rice growing areas But agreeing that it will affect the purchasing power of farmers Electronics contracted 4.1%, rubber glove products contracted 21.26%, chemicals contracted 3.7%, iron and steel fell 13.6%, textiles and clothing 18.13%