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Thai Oct factory output falls 8.45% y/y, worse than forecast

BANGKOK, Nov 27 (Reuters) – Thailand’s manufacturing production index (MPI) in October fell 8.45% from a year earlier, dragged down by lower production of cars, petroleum and steel, the industry ministry said on Wednesday.

That compared with a forecast of a 4.95% drop in a Reuters poll and September’s revised 5.06% decline.

Capacity utilisation was at 62.83% in October, compared with September’s revised 63.80%.

The ministry forecasts the MPI will drop 3.8% this year and increase 2%-3% next year. (Reporting by Kitiphong Thaichareon; Writing by Satawasin Staporncharnchai; Editing by Tom Hogue)

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