An employee pushes a forklift at Merit Food Products Co.’s coconut milk production facility in Chonburi province on April 24, 2023. (Photo: Bloomberg)
Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Ministry said on Wednesday.
The figure compared with a forecast in a Reuters poll for a fall of 2.15% in April and came after March’s revised 3.86% year-on-year drop.
In the January-April period, the MPI declined 4.69% from a year earlier, the ministry said in a statement.
The ministry forecast factory output would show zero to 1% growth this year, the ministry said.
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