Manufacturing in Thailand
Thailand - Manufacturing
Unexpected increase in manufacturing production in May
Manufacturing production unexpectedly swung up in May to 1.4% from the previous month’s revised 1.8% contraction (previously reported: -1.7%) and overshot market expectations of a 0.20% fall. May’s print is the highest reading since January, following a lackluster performance in the first quarter of the year, which initially spilled over into the second quarter last month. May’s print was underpinned by strong performances in the motor vehicles, trailers and semi-trailers, wearing apparel, dressing and dyeing and other transport equipment sub-sectors.
A month-on-month comparison showed that manufacturing output increased a seasonally adjusted 0.3% in May, contrasting April’s 0.9% decrease. Despite the positives in May, the strong showing was not enough to reverse the downward trend: annual average growth in manufacturing production stood at 0.9% in May, down from the previous month’s 1.2%.
FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.6% in 2017, which is down 0.3 percentage points from last month’s estimate. For 2018, the panel expects manufacturing to increase 3.2%.
Thailand - Manufacturing Data
|Manufacturing (annual variation in %)||-7.5||10.6||2.3||-3.8||0.0|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
|Bond Yield||2.48||-0.60 %||Jul 18|
|Exchange Rate||33.56||-0.38 %||Jul 18|
|Stock Market||1,572||-0.16 %||Jul 18|
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July 3, 2017
Consumer price growth in June came in barely above the zero percent mark, registering a 0.02% increase on a month-on-month basis, following the previous month’s 0.15% increase.
June 30, 2017
Manufacturing production unexpectedly swung up in May to 1.4% from the previous month’s revised 1.8% contraction (previously reported: -1.7%) and overshot market expectations of a 0.20% fall.
June 22, 2017
Thailand’s trade balance recorded a USD 0.9 billion surplus in May, which is significantly above the previous month’s USD 0.1 billion surplus.
June 2, 2017
In May, consumer prices increased 0.15% on a month-on-month basis, virtually matching April’s 0.16% increase.
May 31, 2017
In April, the trade balance recorded a USD 0.1 billion surplus.