Thai factory output remains weak

April index below forecasts as Middle East war pushes up producers’ costs

A worker cleans the floor on a TV assembly line at a factory in Bangkok. (Reuters File Photo)

Factory output in Thailand remains weak, with ⁠the manufacturing production index in April falling 0.36% from ‌a year earlier, the Ministry of Industry said on Thursday.The April reading compared with ⁠a year-on-year increase of 0.2% forecast in a Reuters poll, and ‌followed a gain of 1.3% the previous month.

Factory output ⁠for the full year is forecast to rise by between 1.0% and 2.0%, lower than the earlier predicted range of 1.5% to 2.5%.

Output fell due to the impact of the war ‌in the Middle East and higher costs that put pressure on ⁠profits, the ministry said.

April index below forecasts as Middle East war pushes up producers’ costs

A worker cleans the floor on a TV assembly line at a factory in Bangkok. (Reuters File Photo)

Factory output ⁠for the full year is forecast to rise by between 1.0% and 2.0%, lower than the earlier predicted range of 1.5% to 2.5%.

Output fell due to the impact of the war ‌in the Middle East and higher costs that put pressure on ⁠profits, the ministry said.