Thailand Industry April 2019

Thailand

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). The outturn was driven by strong growth in the production of motor vehicles, trailers and semi-trailers while output of coke and refined petroleum products also expanded robustly. This offset noticeable drops in output of food products, and computer and electronic products.

In month-on-month terms, growth in manufacturing output shifted into a noticeably higher gear, growing 2.5% in April (March: +0.2% month-on-month). Lastly, annual average manufacturing output eased to 1.9% in April from 2.1% in March.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 1.5% in 2019, which is down 0.5 percentage points from last month’s estimate. For 2020, the panel sees manufacturing output increasing 2.3%.


Author:, Economist

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Thailand Industry April 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.


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