Thailand's factory output falls in February, but less than expected

[webfact]

Thailand's factory output falls in February, but less than expected
BY LARRY BANKS

BANGKOK: -- Thailand’s industrial output fell again in February compared to the same period a year ago, as exports and domestic consumption remained weak. However, the contraction was less than expected.

The country’s Industry Ministry said today that its Manufacturing Production Index (MPI) dropped in February by 1.62 percent from the year before, smaller than 2.55 percent drop that news agency Reuters predicted in a poll.

In January this year, output fell a revised 3.5 percent on the full year. Industrial products accounted for 83 percent of the country’s exports in February, which grew 10.3 percent from the year before due to “unusual items”, i.e. large gold shipments and helicopters that were brought in earlier for military exercises.

Full story: https://ethailand.com/business-news/thailand-factory-output-falls-less-expected/1998/

-- eThailand 2016-03-29

[phoenixdoglover]

And the band played on.

Seriously, now that the uptick in Feb exports has been explained away, are there any bright spots?

[lostinisaan]

More quality tourists with explosive belts around their bodies will improve the situation tremendously.

[Srikcir]

If the MPI grew as a result in part from helicopters that were brought in earlier for military exercises, the military should immediately hold several more exercises involving warships, fixed wing fighters and tanks. They're much higher value products.

[klauskunkel]

Thailand's factory output falls in February, but less than expected

How to spin this one?

Ok, February has the least amount of days than other months, so the output fell, but, this year February had 29 days, therefore the output fell less than expected.

I wanna get paid now.