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Thailand Industry January 2020

Thailand: Manufacturing output drops for ninth consecutive month in January

Manufacturing output dropped 4.6% year-on-year in January, down from the 4.4% contraction in the prior month and marking the ninth consecutive month of falling production. January’s figure was underpinned by steep drops in the production of cars; food; rubber and plastic products; apparel; electronic components and boards; and petroleum refining products. Annual average production, meanwhile, contracted 4.0% in January, down from December’s 3.6% fall.

More positively, manufacturing production rose 4.4% month-on-month in January, up from the 2.6% expansion recorded in December.

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