Thailand Industry September 2022

Thailand

Thailand: Manufacturing activity drops in September

November 14, 2022

Manufacturing output dropped 2.3% month-on-month in seasonally-adjusted terms in September (August: +2.6% mom).

On an annual basis, manufacturing production rose 3.4% in September, following August’s 14.9% increase. Meanwhile, the trend pointed up, with the annual average growth of manufacturing production coming in at 3.3% in September, up from August's 3.0% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 5.4% in 2023, which is up 0.5 percentage points from last month’s estimate, and increase 3.6% in 2024.


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Thailand Industry September 2022

Note: Year-on-year changes and annual average variation of manufacturing production index in %.
Source: Office of Industrial Economics (OIE) and FocusEconomics calculations.


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