Thailand Industry

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Thailand: Manufacturing output plummets in September

October 31, 2014

In September, manufacturing production fell 3.9% over the same month last year, which was down from the 2.6% decrease recorded in August and marked the steepest fall since April 2013. In addition, September’s reading marked the 18th consecutive drop in manufacturing output. The decline was mainly driven by falling output in the manufacturing of electronics as well as in the manufacturing of coke, refined petroleum products and nuclear fuel.

On a monthly basis, manufacturing output fell 4.5% in seasonally-adjusted terms, which contrasted the 4.3% increase recorded in August. In addition, annual average growth in industrial production inched down from minus 5.6% in August to minus 5.7% in September.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.8% in 2014, which is down 0.3 percentage points from last month’s estimate. For 2015, the panel expects manufacturing to expand 6.1%.


Author:, Senior Economist

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Thailand Industry September 2014

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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