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Thailand Industrial production March 2024

Thailand: Manufacturing production falls at sharpest pace since October 2022 in March

On an annual basis, manufacturing output plummetted 5.1% in March (February: -2.8% yoy). Moreover, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 4.2% in March, down from February’s minus 4.0% reading.

Meanwhile, manufacturing output slid 2.8% in month-on-month seasonally adjusted terms in March, which contrasted February’s 2.8% increase. The outturn marked the worst reading since October 2022.

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