September factory output seen down 2%

September factory output seen down 2%

The manufacturing production index is expected to decline at a slower year-on-year pace in September than in August. (Post Today file photo)
The manufacturing production index is expected to decline at a slower year-on-year pace in September than in August. (Post Today file photo)

Annual manufacturing output in September likely declined at a slower pace than in the previous month, a Reuters poll showed on Monday.

The median forecast from eight economists polled was for the manufacturing production index to decline 2.05% in September from a year earlier. In August, output dropped 4.4%, dragged down by lower production of cars, electronics and rubber products.

Industrial goods account for about 80% of Thailand's total exports, a key economic driver, which declined 1.39% in September from a year earlier.

Exports have been affected by global trade tensions and the strength of the baht, Asia's best performing currency this year. 

 

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