Thai factory output drops 0.36 percent in April
Thailand's manufacturing production index declined 0.36% in April, missing analyst expectations for growth. The industry ministry cited Middle East tensions and rising costs for the dip while lowering its full-year output forecast to a range of 1.0% to 2.0%.
Xurve View
Xurve View
Thailand factory output fell 0.36% in April, missing analyst expectations for a slight expansion. The decline follows a revised 1.30% increase in March and marks a shift from the 0.2% growth projected by a Reuters poll. Weakening production signals a cooling industrial sector as global geopolitical tensions and rising domestic costs squeeze manufacturer margins.
