Thailand Industry April 2022

Thailand

Thailand: Manufacturing production drops again in April

May 31, 2022

Manufacturing output fell 0.3% month-on-month in seasonally-adjusted terms in April (March: -0.1% mom).

On an annual basis, manufacturing output rose at a quicker rate of 0.6% in April (March: +0.4% yoy). Meanwhile, annual average manufacturing output growth fell to 4.8% in April (March: +6.1%), which marked a six-month low.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 5.4% in 2022, which is up 0.5 percentage points from last month’s estimate, and increase 3.6% in 2023.


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