Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing production slips in March
In March, manufacturing production decreased 0.5% from the same month last year, which was a softer decline than the 1.1% drop in February. March’s figure also differed from the 1.7% decline that analysts had expected. Manufacturing of motor vehicles and furniture contracted, offsetting the gains made in electronics output, which is a combination of home electronics and office equipment.
On a monthly basis, manufacturing output increased a seasonally-adjusted 0.7% in March, contrasting the 0.6% drop in February. Annual average growth in manufacturing production was 1.7% in March, below February’s 2.0%.
FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 2.1%, in 2017, which is unchanged from last month’s estimate. For 2018, the panel expects manufacturing to increase 3.6%
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||2.67||-0.74 %||May 25|
|Exchange Rate||34.22||-0.60 %||May 25|
|Stock Market||1,569||0.21 %||May 25|
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May 24, 2017
At its 24 May monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for nearly two years.
May 3, 2017
In April, consumer prices increased 0.16% on a month-on-month basis, contrasting the 0.46% drop recorded in March.
April 28, 2017
In March, manufacturing production decreased 0.5% from the same month last year, which was a softer decline than the 1.1% drop in February.
April 24, 2017
In March, the Thai trade balance recorded a USD 1.6 billion surplus.
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February.