Thailand Industry July 2022

Thailand

Thailand: Manufacturing activity expands at softer pace in July

September 16, 2022

Manufacturing output grew 0.5% month-on-month in seasonally-adjusted terms in July (June: +2.1% mom).

On an annual basis, manufacturing production rose 6.4% in July, contrasting June’s 0.2% fall. Meanwhile, the trend pointed up, with the annual average growth of manufacturing production coming in at 1.5% in July, down from June 's 1.3% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 5.4% in 2022, which is up 0.5 percentage points from last month’s estimate, and increase 3.6% in 2023.


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