Thai April manufacturing unit output drops 8% y/y, worse than forecast

BANGKOK : Thailand's manufacturing manufacturing index (MPI) in April contracted by a more-than-expected 8.14 per cent from a 12 months earlier, as exports slowed and manufacturing prices rose, the trade ministry mentioned on Wednesday.

The determine in contrast with a forecast in a Reuters ballot for a fall of two.15 per cent in April, and got here after March's revised 3.86 per cent year-on-year drop.

Within the January-April interval, the MPI declined 4.69 per cent from a 12 months earlier, the ministry mentioned in a press release.

The ministry forecast manufacturing unit output would present zero to 1 per cent development this 12 months, the ministry mentioned.

Whereas exports stay sluggish, home demand has elevated, pushed by power within the important tourism sector and better funding, it mentioned.

Industrial items account for about 80 per cent of complete customs-based exports, which contracted by a more-than-expected 7.6 per cent in April from a 12 months earlier.

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