Thailand Industry February 2017

Thailand

Thailand: Manufacturing production contracts in February

March 30, 2017

In February, manufacturing production decreased 1.5% from the same month last year, which contrasted the 2.2% rise in January and marked the worst result in seven months. February’s figure also differed from the 0.6% expansion that analysts had expected. Manufacturing of motor vehicles, rubber and plastic products and furniture fell sharply and dragged on the result.

On a monthly basis, manufacturing output decreased a seasonally-adjusted 0.2% in February, improving from the 1.2% drop in January. Annual average growth in manufacturing production was 2.0% in February, mirroring January’s number.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 2.1%, in 2017, which is unchanged from last month’s estimate. For 2018, the panel expects manufacturing to increase 3.6%


Author: Marlène Rump, Senior Data Analyst

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Thailand Industry February 2017

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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