BANGKOK, Oct 28 (Reuters) - Thailand’s manufacturing production index (MPI) dropped a smaller-than-expected 2.75% in September from a year earlier due mainly to lower production of cars, petroleum and sugar amid the coronavirus pandemic, the industry ministry said on Wednesday.
That compares with a forecast for a decline of 4.71% in a Reuters poll, and against August’s revised contraction of 9.05%.
Capacity utilisation in September was 63.07% after August’s revised 60.86%.
The ministry has forecast the MPI index will fall by 8%-9% this year.
Industrial goods account for 80% of total exports, a key driver of Thai growth.
Reporting by Kitiphong Thaichareon Writing by Orathai Sriring; Editing by Martin Petty
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