March factory output drops 11.25%

March factory output drops 11.25%

The manufacturing production index (MPI) declined for the 11th straight month in March, down 11.25% from a year earlier, hurt by lower production of cars, sugar and petroleum, the industry ministry said on Wednesday.

The performance compared with a forecast drop of 6.25% in a Reuters poll, and against February's revised decline of 4.24%.

Capacity utilisation in March was 67.22%, after February's revised 66.06%. 


Do you like the content of this article?
COMMENT (3)

Feeling out of place

Local residents in Nong Chok district have cried foul over construction of an anti-flood embankment along Klong Saen Saep which they said has caused land to subside.

06:30

KBank mortgages hit high point of growth

The Fiscal Policy Office (FPO) is using satellites and carbon dioxide density measures to study economic conditions on a more continuous basis, according to senior officials at the Finance Ministry's think tank.

05:00

Resort buildings razed in illegal buildings crackdown

The Royal Forestry Department (RFD) has dismantled eight resort buildings which were illegally built on the hills of Mon Cham, a popular tourist destination in Chiang Mai's Mae Rim district and vowed to clear dozens of other illegal structures.

04:44