{"id":27221,"date":"2023-04-28T04:27:43","date_gmt":"2023-04-28T04:27:43","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/thai-march-factory-output\/"},"modified":"2023-04-28T04:29:25","modified_gmt":"2023-04-28T04:29:25","slug":"thai-march-factory-output","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/thai-march-factory-output\/","title":{"rendered":"Thai March factory output falls 4.56% y\/y, worse than forecast"},"content":{"rendered":"

BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the industry ministry said on Friday.<\/p>\n

The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline.<\/p>\n

Output in the first quarter dropped 3.94% from a year earlier, the ministry said in a statement.<\/p>\n

While exports are weak, a pickup in domestic demand on the back of a rebound in tourism and increased investment is supporting related manufacturing production, the ministry said.<\/p>\n

Spending ahead of a May 14 election will also help the manufacturing sector, it said.<\/p>\n

Industrial goods account for about 80% of total customs-based exports, which declined by a less than expected 4.2% in March from a year earlier.<\/p>\n

\n

(Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Kanupriya Kapoor, Martin Petty)<\/p>\n

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BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in March contracted 4.56% from a year earlier, as a global economic slowdown hurt exports, the industry ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 3.65%, and came after February’s revised 2.38% year-on-year decline. Output in the […]<\/p>\n","protected":false},"author":8,"featured_media":27222,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[1223],"class_list":["post-27221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3R04D-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=27221"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27221\/revisions"}],"predecessor-version":[{"id":27234,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/27221\/revisions\/27234"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/27222"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=27221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=27221"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=27221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}