Thailand August Vehicle Output, Exports Rise On Year
Thailand August Vehicle Output, Exports Rise On Year
BANGKOK -(Dow Jones)- Thailand's vehicle production and exports continued to increase in August from a year earlier on the back of the improving economy, the Federation of Thai Industries said Thursday.
August vehicle output in Thailand, a regional manufacturing hub for many of the world's biggest automakers, shot up 67.6% on year to 141,043 units, the federation said in a statement.
The number of units exported in August was 77,750, up 80.4% on year, with increased shipments to every market.
The value of car, truck and bus exports--including detached engines and automotive parts--totaled THB51.96 billion ($1.68 billion) in August, a 54.5% rise from August last year.
If motorcycles and motorcycle parts were included, the total value of exports would have been THB55.21 billion, up 52.2% from a year earlier.
In the first eight months of this year, vehicle production surged 92.6% to 1.06 million units.
The federation forecast vehicle production will reach 426,354 units in the September to November period, up 25.6% on year but down 2.1% from the June to August period.
Read more: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009160028dowjonesdjonline000004&title=thailand-august-vehicle-outputexports-rise-on-year#ixzz100XbvMEF
BANGKOK -(Dow Jones)- Thailand's vehicle production and exports continued to increase in August from a year earlier on the back of the improving economy, the Federation of Thai Industries said Thursday.
August vehicle output in Thailand, a regional manufacturing hub for many of the world's biggest automakers, shot up 67.6% on year to 141,043 units, the federation said in a statement.
The number of units exported in August was 77,750, up 80.4% on year, with increased shipments to every market.
The value of car, truck and bus exports--including detached engines and automotive parts--totaled THB51.96 billion ($1.68 billion) in August, a 54.5% rise from August last year.
If motorcycles and motorcycle parts were included, the total value of exports would have been THB55.21 billion, up 52.2% from a year earlier.
In the first eight months of this year, vehicle production surged 92.6% to 1.06 million units.
The federation forecast vehicle production will reach 426,354 units in the September to November period, up 25.6% on year but down 2.1% from the June to August period.
Read more: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201009160028dowjonesdjonline000004&title=thailand-august-vehicle-outputexports-rise-on-year#ixzz100XbvMEF
