Thai August factory output rises 4.44% y/y, beats forecast


Workers at a garment factory in Bangkok, Thailand, May 30, 2016. Picture taken May 30, 2016. REUTERS/Athit Perawongmetha/File Photo

BANGKOK: Thailand's manufacturing production index rose 4.44% in August from a year earlier, the industry ministry said on Wednesday, stronger than analysts' forecasts.

The August reading compared with a forecast increase of 1.0% in a Reuters poll.

The ministry has revised its MPI methodology, adding new electronics products and changing the weightings to support the country's new economic structure, Supakit Boonsiri, head of the ministry's industrial economics office, told a briefing.

The August MPI was boosted by higher electronic output, government stimulus measures, and a weaker baht, he said. - Reuters

 

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