Thailand: February factory output unexpectedly falls 1.6%

• Mar 26, 2019

Thailand‘s manufacturing production index (MPI) in February unexpectedly dropped 1.6% from a year earlier, led by lower production of steel, computers and rubber products, the Industry Ministry said on Tuesday.

That compares with a forecast rise of 0.52% in a Reuters poll, and against January’s 0.18% increase.

Capacity utilisation was at 69% in February, down from January’s 70.49%.

The ministry has forecast the MPI will increase between 2% and 3% this year, after 2018’s 2.8% rise. 

Source: https://www.bangkokpost.com/business/news/1651356/february-factory-output-unexpectedly-falls-1-6-