In June, manufacturing production expanded 3.3% over the same month last year, which contrasted the revised 3.7% contraction observed in May (previously reported: -3.9% year-on-year) and defied market expectations that manufacturing output would contract 3.0%. The reading represented the first expansion after four consecutive months of declining manufacturing production. Manufacturing production bounced back as supply chain disruptions from the Japanese catastrophes began to fade. The rebound mainly reflected an expansion in the manufacturing of electronics (May: +0.2% yoy; June: +12.5% yoy). However, the manufacturing of automobiles continued to contract, albeit at a slower pace (May: -32.5% yoy; June: -2.8% yoy). A month-on-month comparison confirms the strong expansion suggested by the annual figures, as manufacturing production mushroomed a seasonally adjusted 7.53% over the previous month, well above the 0.94% increase tallied in May. Despite the June expansion, the trend continues to deteriorate, with annual average growth in manufacturing output falling from 2.5% in May to 1.5% in June.
Manufacturing output rebounds as effects of earthquake fade
July 29, 2011
Looking for forecasts related to Industry in Thailand? Download a sample report now.
Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.