June factory output rises 4.74% y-o-y, above forecast
text size

June factory output rises 4.74% y-o-y, above forecast

A production line at Mitsubishi Motors Thailand in Si Racha, Chon Buri province. (Photo by Somchai Poonlarp)
A production line at Mitsubishi Motors Thailand in Si Racha, Chon Buri province. (Photo by Somchai Poonlarp)

Thailand's manufacturing production index (MPI) in June rose 4.74% from a year earlier, helped by higher production of cars and parts, sugar, air conditioners and electronics, the Industry Ministry said on Tuesday.

That compares with a 3.0% rise seen in a Reuters poll and May's 2.87% increase, which was revised down from 3.20% earlier.

Capacity utilisation was 69.04% in June, little changed from May's revised 69.82%.

The ministry expects the MPI to rise 2.5-3.0% this year, after increasing 1.58% last year.


Do you like the content of this article?
COMMENT (2)