Thailand Industry December 2020

Thailand

Thailand: Manufacturing activity rebounds in December

January 27, 2021

Manufacturing production increased 1.5% month-on-month in seasonally-adjusted terms in December, which contrasted November’s 1.2% fall.

On an annual basis, manufacturing output fell 2.4% in December (November: +0.2% yoy). Meanwhile, the trend improved slightly, with the annual average variation of manufacturing production coming in at minus 8.8%, up from November's minus 8.9% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 6.1% in 2021, which is down 0.1 percentage points from last month’s estimate, and increase 6.3% in 2022.


Author:, Economist

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Thailand Industry December 20 20

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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