Thai April factory output seen down 1pc y/y

BANGKOK: Thailand's annual manufacturing output in April is expected to have dropped for a third straight month but at a smaller pace than in the previous month, a Reuters poll showed.

The median forecast of nine economists was for the manufacturing production index to decrease 1pc in April from a year earlier, after March's 2.54pc fall.

Industrial goods account for about 80 percent of Thailand's total exports, a key economic driver. Exports fell 2.57pc in April from a year earlier.