January factory output rises 0.18% y-o-y, misses forecast

January factory output rises 0.18% y-o-y, misses forecast

A worker is seen on an automotive production line in Si Racha district of Chon Buri province. (File photo)
A worker is seen on an automotive production line in Si Racha district of Chon Buri province. (File photo)

Thailand's manufacturing production index (MPI) in January rose 0.18% from a year earlier, led by higher output of cars, air conditioners and sugar, the Industry Ministry said on Tuesday.

That compares with 1.1% increase forecast in a Reuters poll, and against December's 0.75% rise.

Capacity utilisation was at 70.49% in January after December's 66.88%.

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The ministry has forecast the MPI will increase between 2% and 3% this year, after 2018's 2.8% rise. 


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