Thai June factory output falls 17.66%, better than forecast

 

A labourer works at a garment factory in Bangkok, Thailand, May 30, 2016. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) dropped a less- than-expected 17.66% in June from a year earlier, led by lower production of cars, petroleum and tyres during the coronavirus outbreak, the industry ministry said on Wednesday.

 

That compares with a forecast contraction of 20.4% in a Reuters poll, and against May's revised decline of 23.8%.

 

Capacity utilisation in June was 55.21% after May's revised 52.34%.

 

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Ed Davies)

 

-- © Copyright Reuters 2020-07-29

 

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but the tourist numbers will make up for that according to TAT ... 

If it wasn't for my wifes face mask factory at home, I wonder how bad those numbers would be. 

Strange times we live in when a 17% contraction in industrial production is seen as quite positive.

7 hours ago, jonclark said:

Strange times we live in when a 17% contraction in industrial production is seen as quite positive.

I suspect the true figures will never be revealed.....

Baht up/economy down.  Pretty simple.

3 hours ago, jonclark said:

Strange times we live in when a 17% contraction in industrial production is seen as quite positive.

yes ... it's better than expected     lol 

Even when numbers are bad the Govt. tries to promote a positive spin. Thai face, will NEVER, EVER, admit to anything that's negative. 

20 hours ago, jonclark said:

Strange times we live in when a 17% contraction in industrial production is seen as quite positive.

Even stranger is when Thailand admits to those numbers !