Thailand Industry


Thailand: Manufacturing output falls in September

October 31, 2013

In September, manufacturing production fell 2.9% over the same month last year, slightly down from the revised 2.8% decrease recorded in August (previously reported: -3.1% year-on-year). September's reading was mainly driven by falling output in textiles as well as in refinery.

On a monthly basis, manufacturing output fell 2.5% in seasonally-adjusted terms, which significantly contrasted the revised 1.3% expansion recorded in August (previously reported: +1.0% month-on-month). Moreover, annual average growth in industrial production increased from 9.3% in August to 10.4% in September.

For 2013, the Office of Industrial Economics sees manufacturing production rising between 3.5% and 4.5%. FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.6% in 2013, which is down 0.9 percentage points from last month's estimate. For 2014, the panel expects manufacturing to expand 5.9%, which is up 0.6 percentage points from last month's estimate.

Author:, Senior Economist

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Thailand Industry Chart

Thailand Industry September 2013

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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