June 25, 2019 / 3:05 AM / 3 months ago

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

BANGKOK, June 25 (Reuters) -

* 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. (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring; editing by Gopakumar Warrier)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below