Thai May factory output falls 3.99% y/y, worse than forecast

Thai May factory output falls 3.99% y/y, worse than forecast

 

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BANGKOK - Thailand’s manufacturing production index (MPI) in May dropped 3.99% from a year earlier, dragged by lower production of cars and rubber products, the Industry Ministry said on Tuesday.

 

That compares with a forecast fall of 0.1% in a Reuters poll, and against April’s 2.03% gain.

 

Capacity utilisation was at 67.72% in May, compared with 63.89% in April. April had fewer work days due to holidays.

 

The ministry expects the MPI to rise 2% this year, after last year’s 2.8% increase. 

 

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-- © Copyright Reuters 2019-06-25
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