Manufacturing output in December drop from a year earlier due to the new coronavirus outbreak. (Photo by Varuth Hirunyatheb)
Manufacturing output in December dropped a bigger- than-expected 2.44% from a year earlier as a fresh wave of Covid-19 infections hit business activity, the Industry Ministry said on Wednesday.
The reading was worse than a 1.2% fall forecast in a Reuters poll, and a revised 0.2% rise in November.
However, the manufacturing production index (MPI) should turn positive in January as the government has quickly taken action to contain the new spread and exports are expected to improve, Office of Industrial Economics director Thongchai Chawalitpichaet told a briefing.
On Wednesday, Thailand reported 819 new infections, with most of the cases found in a province that is the epicentre of…
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