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Tuesday, May 14, 2024

Factory output unexpecedly dips in March

A worker is on duty at an automobile factory in Rayong province. (Bangkok Post file photo)

Thailand’s factory output unexpectedly dipped in March as higher inflation started to affect industry, while the Russia-Ukraine war remains a key risk, the industry ministry said on Thursday.

The manufacturing production index (MPI) fell 0.1% in March from a year earlier, the first drop in seven months, missing a forecast rise of 2.15% in a Reuters poll and against February’s 2.5% increase.

March’s output was weighed by lower production of air conditioners, hard disk drives, and non-alcoholic beverages, the ministry said. In the January-March period, the MPI rose 1.41% from a year earlier.

“April (output) may be stable or positive as it was…

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