Business News Asia
The Office of Industrial Economics (NESDB) reported that the index of industrial production (MPI) was 91.79 in April, growing by 0.56% year-on-year, with an average growth of 1.37% in the first four months of this year.
The capacity utilization rate (CapU) in April was 58.91%, down from 69.33% in March 2022.
The main factors affecting production in April 2022 were the relaxation of Covid-19 control measures in the country and other countries around the world. As a result, economic activity gradually recovered, reflected in oil refining, which continued to expand by 12.53%, and inflation, which continued to affect operators in the industrial sector due to the increase in production costs.
The Producer Price Index (PPI) of industrial products in April 2022 increased by 11.4%.