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Wednesday, May 15, 2024

Bangkok Post – Factory output drops 2.94%, beats forecast

Map Ta Phut Industrial Estate in Rayong province. (Photo: Apichart Jinakul)

Thailand’s manufacturing production extended declines for the 16th month in January, the Industry Ministry said on Thursday, as a key driver of the economic engine struggles amid weak domestic and export sales of motor vehicles.

The 2.94% year-on-year decline compared with a forecast 5.1%fall in a Reuters poll and followed December’s revised 4.66% drop.

The weakness was driven by a drop in…

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