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Monday, May 6, 2024

Factory output falls 3.14%, less than forecast

An aerial view of factories situated in Pinthong-owned industrial estate in Chonburi and Rayong province. (Photo: Pinthong Industrial Park)

Thailand’s manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports weakened, the Industry Ministry said on Friday.

The figure compared with a forecast in a Reuters poll for a fall of 4.5% in May. Output contracted 8% year-on-year in April.

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