Thai manufacturing production likely to have risen in December

Thai manufacturing production is expected to have increased in the month of December. According to a DBS Bank research report, the manufacturing production index is expected to have risen to 3.2 percent year-on-year. Export growth continued to be solid in the fourth quarter, and is expected to have pulled up production domestically, as also shown by the increased capacity utilization in the manufacturing-related sectors.

In the meantime, the headline inflation is expected to come in at 0.8 percent for the month of January, whereas core print is likely to come in at 0.7 percent. The continuous low core inflation data imply that domestic demand continues to be weak, giving no reason for the Bank of Thailand to adjust its policy stance for now, stated DBS Bank.

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