Thailand Industry

Thailand

Thailand: Manufacturing output drops for the first time in more than a year

January 31, 2011

In December, manufacturing production fell 2.5% over the same month the previous year, which contrasted both the 5.7% expansion observed in November and market analyst expectations, which had seen manufacturing output rising 0.6%. The reading represented the first drop after 13 consecutive months of manufacturing production growth. The fall in December reflected a sharp contraction in the manufacture of accounting and computing machines (November:+0.5% year-on-year; December: -18.5% yoy) and a deceleration in the manufacture of food and beverages (November: +4.8% yoy; December: +0.7% yoy) Furthermore, output of furniture continued to fall in December. A month-on-month comparison, however, does not confirm the deterioration suggested by the annual figures, as manufacturing production expanded a seasonally adjusted 0.92% in December. As a result of the December contraction, the trend has turned. Following on more than a year of improving trend figures, annual average growth in manufacturing production notched slightly downwards from its 17.6% peak in October to 17.4% in November, before tumbling to 14.5% in December.


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