May manufacturing output was down 3.89% year-over-year, dropping four months in a row after disruptions to trade and the global supply chain due to Japan’s earthquake, but output was up from the previous month, according to Reuters. The Industry Ministry predicts that the dip in output will be short lived and output should bounce back in the third quarter.
For the short-term, the Thai market may be “helped by improved sentiment on overseas bourses and a rebound in global oil prices,” remarked Kiatkong Decho, a strategist at broker CIMB Securities, Reuters reports. “The Greek debt news and end-quarter buying may also help. But recent foreign selling will dampen overall appetite,” Kiatkong added.
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