June factory output drops 5.24%, more than forecast

Thailand’s manufacturing production index (MPI) in June contracted 5.24% from a year earlier as exports declined amid sluggish global demand, the Industry Ministry said on Thursday.

The figure compared with a forecast in a Reuters poll for a fall of 2.5% in June. Output shrank a revised 3.05% in May.

In the January-June period, the MPI declined 4.6% from a year earlier, the ministry said in a…