Thailand Industry February 2019

Thailand

Thailand: Manufacturing output drops markedly in February

March 28, 2019

Manufacturing output fell 1.6% year-on-year in February, contrasting the upwardly revised 0.6% expansion in January (previously reported: +0.2% year-on-year). The result reflected drops in the production of food products; rubber and plastic products; computer and electronic products; and chemicals and chemical products. These offset steady growth in the output of motor vehicles, trailers and semi-trailers as well as coke and refined petroleum products.

In month-on-month terms, manufacturing output contracted 2.9% in February, swinging from a 0.1% increase in January. Finally, annual average manufacturing output moderated from 3.2% in January to 2.7% in February.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 2.9% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees manufacturing output increasing 2.7%.


Author:, Economist

Sample Report

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

Download

Thailand Industry Chart


Thailand Industry February 2019 0

Note: Year-on-year changes and annual average variation of manufacturing production index in %.
Source: Office of Industrial Economics (OIE) and FocusEconomics calculations.


Thailand Economic News

  • 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

  • Thailand: Bank of Thailand stands pat in May

    May 8, 2019

    In a unanimous vote at its 8 May meeting, the Monetary Policy Committee of the Bank of Thailand opted to leave the policy rate unaltered at 1.75% after the committee turned more dovish in the prior meeting.

    Read more

  • Thailand: Manufacturing output drops in March

    April 30, 2019

    Manufacturing production fell 2.5% year-on-year in March, down from a revised 1.3% drop in the prior month (previously reported: -1.6% year-on-year).

    Read more

  • Thailand: Exports drop in March, rounding off a weak first quarter

    April 23, 2019

    Thailand’s trade balance dropped from a USD 4.0 billion surplus in February to a USD 2.0 billion surplus in March; however, the 12-month moving sum of the trade balance increased to a USD 3.0 billion surplus from a surplus of USD 2.4 billion in February. In March, exports dropped 4.9% year-on-year while imports fell 7.6% year-on-year.

    Read more

  • Thailand: Inflation returns to target in March

    April 4, 2019

    Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication. Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range.

    Read more

More news

Search form