Thailand Industry November 2021

Thailand

Thailand: Manufacturing production growth eases in November

December 27, 2021

Manufacturing production rose 0.6% month-on-month in seasonally-adjusted terms in November, slowing from October’s 2.7% growth.

On an annual basis, manufacturing output rose 4.8% in November, notably above October’s 3.0% expansion and marking the best result since June. Accordingly, the trend improved, with the annual average growth of manufacturing production coming in at 5.1% in November, up from October's 4.6%.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 4.8% in 2022, which is down 1.1 percentage points from last month’s estimate, and increase 3.8% in 2023.


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Thailand Industry November 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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