Jan factory output falls 4.6%, worse than forecastMechanics work on the Honda assembly line in Prachin Buri in 2016. The performance was worse than a forecast drop of 3.9% in a Reuters poll, and followed December's decline of 4.35%. In January, production of cars fell 12.8% from a year earlier while sugar dropped 15.2% and palm oil tumbled 40.7%, the ministry said. "So, the overall picture should be positive," Mr Thongchai said, adding February's output was expected to be similar to January's level. The ministry has forecast the MPI will rise 2% to 3% this year after last year's 3.7% contraction.

Source: Bangkok Post February 26, 2020 04:30 UTC