Thai Manufacturing Production Shows Less-Than-Expected Drop in February amid Slowing Global Demand

Thailand’s manufacturing production index (MPI) dropped less than expected in February as pressure from slowing global demand continued to weigh on Thai exports.

Data from the industry ministry on Wednesday showed that industrial production fell 2.71% last month, which was slightly lower than a drop of 2.8% forecast by a Reuters poll. The reading came after January’s revised 4.81% year-on-year decrease.