Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing production picks up in January
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%
Thailand - Manufacturing Data
|Manufacturing (annual variation in %)||-7.5||10.6||2.4||-5.2||0.3|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
|Bond Yield||2.80||0.36 %||Mar 23|
|Exchange Rate||34.58||-0.30 %||Mar 23|
|Stock Market||1,569||0.13 %||Mar 23|
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March 2, 2017
In February, consumer prices rose by 0.04% on a month-on-month basis, down from the 0.16% increase recorded in January.
February 28, 2017
In January, the trade balance recorded a USD 0.8 billion surplus.
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.
February 20, 2017
Thailand’s economy activity was broadly steady in the fourth quarter of last year as fiscal stimulus lifted domestic demand and counterweighed uncertainty regarding the country’s leadership.
February 8, 2017
At its 8 February monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, as market analysts had expected. The BoT stated that the Thai economy has been growing faster than it had foreseen on the back of the gradually improving performance of the domestic economy.