Thailand Sees Higher Than Expected Fall in Industrial Production

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Thailand Sees Higher Than Expected Fall in Industrial Production
Thailand Sees Higher Than Expected Fall in Industrial Production

Official reports announced on Thursday indicated that the industrial production in Thailand had recorded a downward trend in the previous month, which was higher than anticipated. The data presented by the Office of Industrial Economics Thailand stated that the industrial production in Thailand had slid to a value of -1.2%, from 10.1% in the previous month.

Industry reports available on Thursday related to U.K. Gfk index of consumer confidence indicated that the value had been steady in the preceding month, and the unchanged value was unexpected. A closer look at the data announced by GfK NOP stated that U.K. Gfk Consumer confidence continued unaffected at a value of -26, from -26 in the prior month. This was in contrast with analysis, which had expected the U.K. Gfk Consumer confidence to descend to -27 preceding month.

With analysts expecting Australian Private Sector Credit to go up 0.3% last month, the total value related to new credit delivered to consumers and businesses recorded an increase, which was less than anticipated, as per official reports available on Thursday. A detailed look at the report presented by Reserve Bank of Australia indicated that Australian Private Sector Credit increased to a value of 0.2%, from a value of 0.2% in the former month. Analysis regarding the Australian Private Sector Credit had expected an increase of 0.3% in the previous month.

Retail sales in Japan indicated a slide in the previous month, with a value that was more than expected. In the data announced by the Ministry of Economy Trade and Industry, it was elaborated that retail sales had recorded a slide to an annual rate of -2.3%, from a position of -1.1% in the earlier month. However, analysts had speculated that the retail sales might indicate a slide to an annual rate to a value of -1.2% preceding month.

The value of the U.S. gasoline inventories recorded a downward trend, which was higher than expected in the previous quarter, as per official reports announced on the previous day. The report delivered by the US Energy Information Administration stated that U.S. Gasoline Inventories had slid to an annual rate of -1.596M, from a value of -1.476M in the previous quarter.