June factory output drops 5.24%, more than forecastA petrochemical factory in Map Ta Phut, Rayong province. (File photo)Thailand's manufacturing production index (MPI) in June contracted 5.24% from a year earlier as exports declined amid sluggish global demand, the Industry Ministry said on Thursday. Output shrank a revised 3.05% in May. In the January-June period, the MPI declined 4.6% from a year earlier, the ministry said in a statement. The ministry had earlier forecast factory output would show zero to 1% growth this year.
