BANGKOK, Feb. 28 (Xinhua) -- Thailand's industrial output dropped for the fourth consecutive month in January due to the global economic slowdown, data showed Tuesday.
The country's manufacturing production index (MPI) for January declined 4.35 percent from a year earlier, following an 8.45 percent year-on-year fall in the previous month, as furniture, hard disk drives, and plastic pellet production continued to slow, according to the Ministry of Industry.
Despite rising foreign tourist numbers and government stimulus measures that could help offset the impact of weakening exports, the MPI is expected to fall further in February due to slowing global demand and a high comparative base last year, director-general of the ministry's Office of Industrial Economics, Warawan Chitaroon, told a news conference.
The ministry expected that industrial output would increase by 1.5 percent to 2.5 percent this year, down from 2.5 percent to 3.5 percent projected earlier, aided by steady growth in the tourism sector and private consumption as well as government support measures and spending during the upcoming general election, the official said. ■