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Thai factory output falls again, but by less than forecast

Published on May 28, 2014 1:26 PM
 
Soldiers stand guard at an elevated walkway at a shopping district in central Bangkok on May 25, 2014. -- PHOTO: REUTERS

BANGKOK (Reuters) - Thailand's factory output dropped for a 13th straight month in April, underscoring the damage political unrest has caused and the tough job the new military government faces reviving an economy that shrank in the first quarter.

The decline was less than forecast. Industrial output in April was 3.9 per cent lower than a year earlier, the Industry Ministry said. That compared with March's revised drop of 10.5 and a 6.4 per cent decline seen in a Reuters poll.

In April, overall capacity utilisation at factories was 56.6 percent, compared with 64.3 per cent in March.

The army seized control of the country on May 22, saying it would restore order after nearly seven months of anti-government protests that have hurt confidence, domestic demand, tourism and delayed public works.

 
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