Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing output dips to five-month low in March
In the final month of the first quarter, industrial output growth moderated from 4.6% year-on-year in February to 2.6%. The result surprised market analysts on the downside, who had expected a softer slowdown to 3.8% annual growth. The easing of momentum came on the back of a noticeable contraction in the manufacture of rubber and plastics products, which was partially offset by robust expansions in the output of food products; motor vehicles, trailers and semi-trailers; and, chemicals and chemical products. March’s result marked the softest pace of expansion since October 2017, and as a result average industrial production growth slowed from 4.4% in the fourth quarter of last year to 4.0% in the first quarter of this year.
In seasonally-adjusted month-on-month terms, manufacturing production swung from the prior month’s revised 0.7% expansion (previously reported: +0.6% month-on-month) to a 0.3% contraction in March. Finally, annual average growth in manufacturing output crept up from 3.4% in February to 3.5% in March.
FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 2.5% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expects manufacturing output to increase 2.6%.
Thailand - Manufacturing Data
|Manufacturing (annual variation in %)||2.3||-3.8||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
|Bond Yield||2.72||0.0 %||May 21|
|Exchange Rate||32.16||0.17 %||May 21|
|Stock Market||1,768||-1.41 %||May 21|
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May 16, 2018
At its 16 May meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) unanimously opted to maintain the one-day repurchase rate at 1.50%.
May 2, 2018
In April, consumer prices in Thailand increased 0.45% over the previous month, contrasting the 0.09% drop in prices seen in March.
April 30, 2018
In the final month of the first quarter, industrial output growth moderated from 4.6% year-on-year in February to 2.6%.
April 23, 2018
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April 2, 2018
Consumer prices in Thailand dropped 0.09% over the previous month in March, a softer contraction compared to the 0.23% month-on-month decrease in February.