Thailand Industry January 2021

Thailand

Thailand: Manufacturing production inches down in January

February 26, 2021

Manufacturing output dropped 0.1% month-on-month in seasonally-adjusted terms in January, which contrasted December’s 1.7% rise.

On an annual basis, manufacturing production declined 2.8% in January, which matched December’s fall. Meanwhile, annual average variation of manufacturing output was unchanged coming in at December's 9.2% in January.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 8.1% in 2021, which is up 2.0 percentage points from last month’s estimate, and increase 7.1% in 2022.


Author:, Economist

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Thailand Industry January 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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