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Thai June factory output falls 17.66%, better than forecast


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Thai June factory output falls 17.66%, better than forecast

 

2020-07-29T030804Z_1_LYNXNPEG6S04H_RTROPTP_4_THAILAND-ECONOMY-OUTPUT.JPG

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)

 

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-- © Copyright Reuters 2020-07-29
 
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