August factory output rises 0.7% y-o-y, below forecast

August factory output rises 0.7% y-o-y, below 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 August rose 0.66% from a year earlier, led by higher production of electronics, sugar, air conditioners and petroleum, the Industry Ministry said on Tuesday.

That compares with a 3.1% rise seen in a Reuters poll and July's 4.93% increase, which was revised up from the first reading of 4.6% rise.

Capacity utilisation was at 65.87% in August, after July's revised 66.88%. 

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