Thai April factory output unexpectedly rises for first time in 19 months

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BANGKOK : Thailand's manufacturing production index unexpectedly rose 3.43 per cent in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism, the industry ministry said on Thursday.The figure compared with a forecast of a 1.

FILE PHOTO: A girl walks past a Skytrain construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun/File PhotoBANGKOK : Thailand's manufacturing production index unexpectedly rose 3.43 per cent in April from a year earlier, increasing for the first time in 19 months, helped by higher exports and tourism, the industry ministry said on Thursday.

The output rise in April, the first monthly increase since September 2022, was also due to a low base last year, Siripen Kiatfuengfoo, deputy director general of the Office of Industrial Economics, told a news conference. Factory output for the January-April period dropped 2.06 per cent and is expected to rise between 0 per cent to 1 per cent for the full year, the ministry said.

Source: News Formal (newsformal.com)

 

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