MPI shows sustained strength
October’s manufacturing production index (MPI) rose 4.08 per cent year on year, according to Office of Industrial Economics (OIE). The MPI figure, along with manufacturing gross domestic product, are expected to rise 2.5 per cent for the whole of this year.
Production capacity in October stayed at 67.75 per cent, with automobile and engines, cigarettes, sugar, petroleum and air conditioners and parts making a positive contribution, said Aditad Vasinonta, deputy director-general of OIE. For the first 10 months, the MPI increased 3.04 per cent.
Next year is expected to see the MPI increase 2-3 per cent, thanks to certainty in the general election, state investment in key projects and the Eastern Economic Corridor (EEC), he said.
