April bureau outlay rises for 2nd true month

Industrial products accounted for scarcely 79% of sum exports in April. (Bangkok Post record photo)

Industrial outlay rose for a second true month in Apr though a liberation stays frail with both exports and domestic expenditure weak.

The Industry Ministry pronounced on Tuesday a prolongation production index (MPI) for Apr increasing 1.54% from a year earlier. A Reuters check foresee a arise of 0.8%. In March, outlay rose a revised 2.2% from a year earlier, a initial annual benefit in 3 months.

Industrial products accounted for scarcely 79% of sum exports in April, that engaged 8% from a year earlier, etiquette information showed.

April’s outlay arise was led by cars and automobile parts, atmosphere conditioners and petroleum. Capacity utilization was during 58.43% in April, down from March’s revised 72.79%. Exports have shrunk over a past 3 years.

The Bank of Thailand projects shipments will tumble 2% this year and a economy will grow 3.1%.

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Article source: http://www.bangkokpost.com/business/news/996037/april-factory-output-rises-for-2nd-straight-month

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