Thai factory output up 23.4pc year-on-year

Thai factory output in December fell in December from the previous month and grew less than forecast from a year earlier, suggesting global problems continue to hurt exports and drag down production.

On a year-on-year basis, industrial output rose 23.4 per cent in December from the low base a year earlier when severe flooding devastated industry. The increase was below the 32 per cent forecast by economists in a Reuters poll.

On a monthly basis, unadjusted output fell 6.31 per cent in December after a revised 8.25 per cent expansion in November.

via Business feed http://www.scmp.com/business/economy/article/1137877/thai-factory-output-234pc-year-year