Thailand Industry September 2021

Thailand

Thailand: Manufacturing production expands at fastest pace since July 2020 in September

October 28, 2021

Manufacturing output increased 6.6% in month-on-month seasonally-adjusted terms in September, which contrasted August's 4.4% decrease. September's print marked the best result since July 2020.

On an annual basis, manufacturing production fell at a more moderate rate of 1.3% in September (August: -4.7% yoy). Moreover, the trend improved slightly, with the annual average growth of manufacturing production coming in at 4.1% in September, up from August's 4.0% reading.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 6.4% in 2022, which is down 0.5 percentage points from last month’s estimate, and increase 3.4% in 2023.


Author:, Economist

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Thailand Industry September 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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