Thailand’s industrial production increased by 1.02% year-on-year, a significant improvement from the previous decline of 4.36%. This marks a notable turnaround with an absolute change of 5.38 percentage points, indicating a shift towards growth in the industrial sector.
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The actual industrial production figure surpassed analyst estimates of a 2% decline, suggesting a stronger-than-expected rebound in Thailand’s manufacturing activities. This positive surprise is likely to boost sentiment in the stock market, particularly benefiting industrial and manufacturing stocks. The impact may be more sentiment-driven in the short term, as investors reassess growth prospects in light of the improved production data.