Thailand Industry March 2022

Thailand

Thailand: Manufacturing production dips in March

May 3, 2022

Manufacturing output fell 0.8% month-on-month in seasonally-adjusted terms in March (February: +0.3% mom).

On an annual basis, manufacturing output decreased 0.1% in March, contrasting February’s 2.5% expansion and marking the worst result since August 2021. Moreover, the trend pointed down, with the annual average growth of manufacturing production coming in at 6.0% in March, down from February's 6.6%.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 5.4% in 2022, which is up 0.5 percentage points from last month’s estimate, and increase 3.6% in 2023.


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