Thailand's Manufacturing Production Index (MPI) fell in April to 92.76 points, down 0.36% year-on-year, as global conflicts and domestic challenges weighed on industrial activity. The index declined from 108.69 points in March.
Supakit Boonsiri, director-general of the Office of Industrial Economics, attributed the decline to the war in Iran, which has disrupted global energy markets, driven up logistics costs and created raw material shortages.
The conflict also dampened foreign tourist arrivals, despite the Songkran festival, weakening industries tied to tourism such as food and beverages.
