Thailand’s factory output in December dropped more than expected, as a global slowdown hit demand for Thai exports, the Ministry of Industry said on Tuesday.
In December, the manufacturing production index (MPI) contracted 8.19% from a year earlier, weighed down by lower production of hard disk drives and plastic pellets, the Industry Ministry said.
Factory output is likely to fall again in January due to slowing global demand and a high base despite some support from increased domestic activity, the ministry said in a statement.
“The impact of the global slowdown has come earlier than expected,” Office of…
