Thailand Industry December 2015

Thailand

Thailand: Manufacturing picks up in December

January 20, 2016

In December, manufacturing production increased 1.3% over the same month of the previous year, which was up from the 0.3% increase observed in November and marked the best result in five months. The reading was mainly driven by increasing refinery output and in textiles manufacturing.

On a monthly basis, manufacturing output increased 2.6% in seasonally-adjusted terms, was up from the flat reading tallied in November and marked the best result in over a year. Moreover, annual average growth in industrial production increased from 0.2% in November to 0.4% in December.

FocusEconomics Consensus Forecasts panelists expect manufacturing to contract 3.5% in 2016, which is down 0.1 percentage points from last month’s estimate. For 2017, the panel expects manufacturing to increase 3.0%.


Author:, Senior Economist

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Thailand Industry Chart


Thailand Industry December 2015

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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