December 25, 2019 / 4:15 AM / in 2 months

Thai Nov factory output falls 8.27% y/y, worse than forecast

BANGKOK, Dec 25 (Reuters) - Thailand’s manufacturing production index (MPI) dropped 8.27% in November from a year earlier, hit by lower production of cars and car engines, petroleum, rubber products and steel, the industry ministry said on Wednesday.

That compared with a forecast of a 7.1% drop in a Reuters poll and October’s revised 8.13% decline.

Capacity utilisation was at 63.17% in November, compared with a revised 63.0% in October.

The ministry has forecast the MPI will drop 3.8% this year before rising 2-3% next year. (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Lincoln Feast.)

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