Thai factory output unexpectedly dips 0.08% y/y

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BANGKOK – Thailand’s manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic pellets and steel, the industry ministry said on Wednesday.

That compared with a forecast rise of 0.35% in factory output for June in a Reuters poll, and after a revised yearly drop of 1.98% in May.

(Reporting by Satawasin Staporncharnchai; Writing by Orathai Sriring; Editing by Martin Petty)