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)

Japan enacts law to make vaccines free to residents

Japan's parliament enacted a law Wednesday to cover the costs for residents to be vaccinated against the novel coronavirus, as hopes grow for the early arrival of vaccines following recent reports of progress amid a resurgence of infections.

19:52

Back to Lat Phrao

Demonstrators occupied Lat Phrao intersection to oust the prime minister hours after the Constitutional Court's ruling on his army house case.

19:34

BTS, Taylor Swift beaten as Spotify’s most-streamed artist in Hong Kong

Canto-pop singer Eason Chan was the most-streamed artist in Hong Kong for the fifth consecutive year, streaming service Spotify revealed this week.

19:15