BANGKOK (Xinhua): Thailand's Ministry of Industry on Wednesday (Oct 28) released a report indicating that the country's manufacturing production index (MPI) dropped a smaller-than-expected 2.75 per cent in September from a year earlier, due mainly to lower production of cars, petroleum and sugar amid the Covid-19 pandemic.
Capacity utilisation in September was at 63.07 per cent after August's revised 60.86 per cent, according to the ministry.
The ministry had earlier forecast that the MPI index will fall by eight to nine per cent this year.
Industrial goods account for 80 per cent of total exports, a key driver of Thai growth, according to the ministry's report for September.
Industry Minister Suriya Jungrungreangkit said in Wednesday's press briefing that he believes the worst of the pandemic gloom seems to be over for the Thai manufacturing sector.
The industrial sector has rebounded, with a month-on-month growth in the MPI since June this year, the minister said.
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