In a surprising turn, Thailand’s factory output fell in May, countering expectations of a modest increase. This decline follows April’s first rise in 19 months, casting a shadow over earlier optimistic forecasts. The Ministry of Industry reported a 2.08% drop in output for the January-May period compared to the previous year, prompting a reassessment of the anticipated growth range for 2024. This unexpected dip highlights the challenges facing Thailand’s industrial sector, emphasizing the need for adaptive strategies to sustain economic resilience.
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