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Thailand's M'fing Production Index Falls Less Than Expected

THAILAND

The Office of Industrial Economics released the reading of the Manufacturing Production Index for the month of January. The index fell 2.80% Y/Y vs. expectations of a 4.40% decline, with the December reading revised to -2.80% from -2.44%.

  • Capacity utilization came in at 66.41 vs. the revised December reading of 63.16.
  • USD/THB hovers near unchanged levels, last at THB30.035, showing little in the way of reaction to the release.

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