Thai August factory output rises 4.44% y/y, beats forecast

Thailand's ​manufacturing production index ​rose 4.44% in ‌August from a year earlier, the Ministry of Industry reported on Wednesday, stronger ​than analysts' ⁠forecasts.

The August reading compared with ‌a forecast increase of 1.0% in a Reuters poll.

The ministry has revised its MPI methodology by adding new electronics products and changing ​the weightings to support the country's new ​economic ‌structure, Supakit Boonsiri, head of the ministry's Office of Industrial Economics, told a briefing.

The August MPI was boosted by higher electronic ⁠output, government stimulus measures ​and a weaker baht, Mr Supakit said.

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