Thailand Industry June 2021

Thailand

Thailand: Manufacturing production dips in June

July 31, 2021

Manufacturing output fell 0.4% month-on-month in seasonally-adjusted terms in June, contrasting the 0.1% growth clocked in May.

On an annual basis, manufacturing output grew 17.6% in June, which was significantly below May’s 25.7% expansion. Meanwhile, the trend improved sizably, with the annual average variation of manufacturing production coming in at a two-year high of plus 2.8%, contrasting May's minus 0.1% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 9.4% in 2021, which is up 1.3 percentage points from last month’s estimate, and increase 8.2% in 2022.


Author:, Economist

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Thailand Industry June 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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