Thai March factory output up 4.12% y/y, slightly below forecast

[webfact]

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

 

BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) in March rose 4.12% from a year earlier, its first annual increase in 23 months, due in part to a low base effect, the industry ministry said on Wednesday.

 

The reading compared with a forecast for a rise of 4.4% in a Reuters poll and February's revised 1.35% fall.

 

However, a third wave of coronavirus infections has again slowed economic activity, the ministry said.

 

(Reporting by Thaichareon and Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Ed Davies)

 

-- © Copyright Reuters 2021-04-28

 

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[RichardColeman]

1 hour ago, webfact said:

 Thailand's manufacturing production index (MPI) in March rose 4.12% from a year earlier, its first annual increase in 23 months, due in part to a low base effect

Wait till the country opens up fully and the PM and his party takes the credit for a 20-30% rise in GDP from that same low base