Thai March factory output drops 11.25%, worse than forecast

 

FILE PHOTO: Labourers work at a garment factory in Bangkok, Thailand, May 30, 2016. Picture taken May 30, 2016. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) declined for the 11th straight month in March, down 11.25% from a year earlier, hurt by lower production of cars, sugar and petroleum, the industry ministry said on Wednesday.

 

The performance compared with a forecast drop of 6.25% in a Reuters poll, and against February's revised decline of 4.24%.

 

Capacity utilisation in March was 67.22%, after February's revised 66.06%.

 

(Reporting by Kitiphong Thaichareon and Orathai Sriring; Editing by Himani Sarkar)

 

-- © Copyright Reuters 2020-04-30

 

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Manufacturers in many countries are getting kicked in the gooleys the same especially car makers .. The drop in Petrol production is to be expected with the drop in car use .. 

Its going to take more than some ecig sellers or beach walkers fines to make up this shortfall general????

The worst is yet to come.  This year will be tough for factories around the world but the situation should improve by the middle of 2021.

Chinese factories are ramping up and will get the jump on everyone else.

Thai industrial output will continue to sputter.  And they have a renewed problem: the resurgent Baht.  Up 2% on USD in just three weeks.  Good luck, Thailand—you will need it. 

5 hours ago, webfact said:

BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) declined for the 11th straight month in March

With Corvid only impacting 2 months.... but it's the excuse the government will use. 

Expect the Labour layoff,s to start coming thick and fast.

With capacity utilization at about 67%, there will be little need for hands on the production lines, andits going to worse as the Year goes on.

If the SET is mirroring Wall Street, an 11% drop in production should cause an 11% rise in the SET stock indexes.