Business Data
Middle East Downturn To Weigh On Thai Car Production
We are revising our passenger car production forecast to a contraction of 0.8% in 2017, down from growth of 1.7% previously , as a downturn in car demand in one of the country's key export markets, the Middle East, weighs on local autos manufacturing. Having previously expected a revival in domestic vehicle sales and robust demand throughout ASEAN region to drive positive growth in local autos production ( see 'Domestic Recovery And ASEAN Markets To Support Autos Production ' , May 31), we are now revising down our forecast for passenger car production in Thailand to a contraction of 0.8% in 2017, down from growth of 1.7% previously. This downbeat outlook is largely driven by negative pressure on local car output from a downturn in vehicle demand from the Middle East, a market which accounts for around 18% of Thailand's total autos exports.
Judul | Edisi | Bahasa |
---|---|---|
The middle east : 2000 years of history from the rise of christianity to the present day | en | |
Culture and Gender in Leadership: Perspectives from the Middle East and Asia | en |