Thailand Industry February 2021

Thailand

Thailand: Manufacturing production dips in February

April 1, 2021

Manufacturing output fell 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.4% increase.

On an annual basis, manufacturing output fell 1.1% in February, moderating from January’s 2.0% fall. Moreover, the trend improved slightly, with the annual average variation of manufacturing production coming in at minus 8.8%, up from January's minus 9.1% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 8.0% in 2021, which is down 0.1 percentage points from last month’s estimate, and increase 7.1% in 2022.


Author:, Economist

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Thailand Industry February 2021

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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