Thailand Industry

Thailand

Thailand: Manufacturing output continues to slow in October

November 30, 2010

In October, manufacturing production grew 6.2% over the same month last year, which was below the 8.1% increase observed in September. The reading represented the slowest growth in manufacturing production since November 2009. The deceleration in October was mainly driven by slower growth in the manufacture of food products and beverages, which expanded 2.0% year-on-year (September: +4.3% yoy). In addition, radio, television and communication equipment production decelerated from a 13.3% expansion in September to only 3.8% in October. A month-on-month comparison confirms the deceleration suggested by the annual figures, as manufacturing production dropped 0.71% over the previous month in seasonally adjusted terms, contrasting the 3.60% expansion observed in September. However, the trend in manufacturing output continues to point up. Despite the October deceleration, annual average growth in manufacturing production stepped up from 17.0% in September to 17.7% in October. Meanwhile, the National Economic and Social Development Board (NESDB) revised its growth forecast for this year to 7.9%, up from its previous 7.5%. The Central Bank expects the economy to expand between 7.3% - 8.0% this year and between 3.0% - 5.0% in 2011.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Thailand? Download a sample report now.

Download




Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form