Thailand Industry June 2016

Thailand

Thailand: Manufacturing deteriorates in June

July 29, 2016

In June, manufacturing production increased 0.8% over the same month last year, which was well below the 2.7% increase seen in May and marked the lowest reading in four months. The result was mainly driven by a deterioration in the manufacturing of coke, refined petroleum products and nuclear fuel.

On a monthly basis, manufacturing output decreased 1.2% in seasonally-adjusted terms, which contrasted the 0.5% increase tallied in May. Moreover, annual average growth in industrial production inched up from 0.3% in May to 0.4% in June, thus hitting the highest figure since December 2013.

FocusEconomics Consensus Forecasts panelists expect manufacturing to contract 1.4% in 2016, which is down 0.3 percentage points from last month’s estimate. For 2017, the panel expects manufacturing to increase 2.9%.


Author:, Senior Economist

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Thailand Industry June 2016 1

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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