Thai Oct factory output rises 2.91% y/y, better than forecast as Covid-19 cases in country goes below 5,000 on Tuesday (Nov 30)

Image from The Nation Thailand/ANN

BANGKOK, Nov 30 (Reuters): Thailand's manufacturing production index (MPI) in October rose 2.91% from a year earlier, the industry ministry said on Tuesday, following an easing of coronavirus restrictions.

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