Thailand Industry January 2017

Thailand

Thailand: Manufacturing production picks up in January

February 28, 2017

In January, manufacturing production increased 1.3% from the same month last year, which was an acceleration from the flat reading in December 2016. Despite the acceleration, January’s figure undershot the 3.5% expansion that analysts had expected. The production of radio, television and communication items grew close to 30% in January, lifting the overall result.

On a monthly basis, manufacturing output decreased a seasonally-adjusted 1.5% in January, contrasting the 0.4% expansion in December. Annual average growth in manufacturing production was 1.8% in January, above December’s 1.4% and the best result in over three years.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 2.1%, in 2017, which is up 0.3 percentage points from last month’s estimate. For 2018, the panel expects manufacturing to increase 3.4%


Author: Marlène Rump, Economist

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Thailand Industry January 2017

Note: Year-on-year changes and annual average variation of manufacturing production index in %.
Source: Office of Industrial Economics (OIE) and FocusEconomics calculations.


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