Thailand: April factory output unexpectedly rises 2.03% y-o-y

• May 28, 2019

Thailand’s manufacturing production index (MPI) in April unexpectedly rose 2.03% from a year earlier, led by higher production of cars and air conditioners, the Industry Ministry said on Tuesday. 
That compares with a forecast fall of 1.0% in a Reuters poll, and against March’s revised 2.66% decline. 
Capacity utilisation was at 63.89% in April, down from March’s revised 74.25%. Due to holidays, April has fewer work days. 
The ministry expects the MPI to rise between 2% to 3% this year, after last year’s 2.8% advance.  

Source: https://www.bangkokpost.com/business/news/1685132/april-factory-output-unexpectedly-rises-2-03-y-o-y