February 26, 2020 / 4:04 AM / 2 months ago

Thai Jan factory output falls 4.6%, worse than forecast

BANGKOK, Feb 26 (Reuters) - Thailand’s manufacturing production index (MPI) contracted for a ninth straight month in January, down 4.59% from a year earlier, hit by lower production of cars, sugar and palm oil, the industry ministry said on Wednesday.

The performance was worse than a forecast drop of 3.9% in a Reuters poll, and against December’s declined of 4.35%.

Capacity utilisation in January was 66.48%, up from a revised 64.02% in December.

In 2019, the MPI declined 3.7%. The ministry has forecast it to rise 2% to 3% this year. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Clarence Fernandez)

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