October 29, 2019 / 2:24 AM / 19 days ago

Thai Sept factory output falls 4.7% y/y, worse than forecast

BANGKOK, Oct 29 (Reuters) -

* Thailand’s manufacturing production index (MPI) in September fell 4.7% from a year earlier, dragged down by lower production of cars, petroleum and rubber, the industry ministry said on Tuesday.

* That compares with a forecast of a 2.05% decline in a Reuters poll, and August’s 4.4% contraction.

* Capacity utilisation was 63.87% in September, compared with 65.75% in August.

* The ministry forecasts the MPI will rise 0.5% this year, after increasing 3.6% last year. (Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Muralikumar Anantharaman)

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