Thailand’s Manufacturing Production Index (MPI) in February slid 4.4% year-on-year, falling for the 11th consecutive month, while capacity utilisation dropped to the lowest point in 12 months.
The Office of Industrial Economics (OIE) said the index stood at 166.48 points in February, down from 174.17 in February of 2013.
OIE director-general Somchai Harnhirun said capacity utilisation in the month was at 59.18%, the lowest in 12 months, due to a decline in automobile production, hard disk drives, petroleum products, electrical appliances, canned and frozen seafood.
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