Wednesday, November 30, 2011
Icy News: Thailand October Factory Output Collapses Due to Flooding
"BANGKOK, Nov 28 (Reuters) - Factory output in Thailand dropped a far worse-than-expected 35.8 percent in October from a year before due to severe flooding that shut seven big industrial estates, the Industry Ministry said on Monday, and some economists said that raised the chances of a deep interest rate cut this week.
A Reuters poll had forecast that factory output would fall 12.5 percent in October. In September, output slipped a revised 0.3 percent from a year earlier.
Compared with September, output in October plunged 38.9 percent..." - via XE.com
This little fact of the output says quite a bit about how the flood has affected operations in Thailand. Not to mention this, the jobs that were once there and of course, the recovery period. Do you expect the drop to be even more for November? Or perhaps this is the worst it can it? Let us know!