June 29, 2020 / 3:14 AM / 9 days ago

Thai May factory output falls 23.2%, worse than forecast

BANGKOK, June 29 (Reuters) - Thailand’s manufacturing production index (MPI) in May dropped 23.19% from a year earlier, led by lower production of cars, petroleum and air conditioners due to the impact of the coronavirus outbreak, the industry ministry said on Monday.

That compares with a forecast for a drop of 21.0% in a Reuters poll, and against April’s revised decline of 18.22%.

Capacity utilisation in May was 52.84%, compared with April’s revised 51.27%.

Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Ed Davies

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