Thai Oct factory output rises 2.91per cent y/y, better than forecast

BANGKOK : Thailand’s manufacturing production index (MPI) in October rose 2.91per cent from a year earlier, the industry ministry said on Tuesday, following an easing of coronavirus restrictions.

The reading compared with a forecast for a 1.6per cent rise in output in a Reuters poll and September’s revised 0.3per cent increase. The ministry forecast the MPI index would increase 5.2per cent in 2021 and rise 4per cent-5per cent in 2022 after contracting 9.3per cent last year.

(Reporting by Kitphong Thaichareon, Satawasin Staporncharnchai; Editing by Martin Petty)


See also  BOK may hold off further rate cut amid easing U.S.-China tension

Leave a Reply