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Bangkok Post
Bangkok Post
Business

April factory output drops 8%, worse than forecast

the Industry Ministry Thailand
An employee pushes a forklift at Merit Food Products Co.'s coconut milk production facility in Chonburi province on April 24, 2023. (Photo: Bloomberg)

Thailand's manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as exports slowed and production costs rose, the Industry Ministry said on Wednesday.

The figure compared with a forecast in a Reuters poll for a fall of 2.15% in April and came after March's revised 3.86% year-on-year drop.

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