Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing output again beats expectations in September
Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth. September’s print closes a strong third quarter, in which the manufacturing sector has posted growth rates unabatedly, following a volatile trajectory through the first half of the year. September’s print was supported by higher output in the motor vehicles, trailers and semi-trailers; rubber and plastic goods; and food products and beverages sub-sectors.
In seasonally-adjusted month-on-month terms, manufacturing output did not grow over the prior month, contrasting August’s strong, revised 3.2% growth (previously reported: +2.7%).
Annual average growth in manufacturing production came in at 1.5% in September (August: +1.3%; previously reported: +1.2%). The manufacturing sector is likely benefitting from the robust external sector, as industrial goods make up four-fifths of exports.
FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 3.0% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expects manufacturing to increase 3.4%.
Thailand - Manufacturing Data
|Manufacturing (annual variation in %)||10.6||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||2.39||0.0 %||Nov 17|
|Exchange Rate||32.83||0.17 %||Nov 17|
|Stock Market||1,709||-1.41 %||Nov 17|
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November 20, 2017
Economic growth again stepped up in the third quarter, expanding a robust 4.3% year-on-year, the quickest acceleration since Q1 2013.
November 8, 2017
At its 8 November monetary policy meeting, the Bank of Thailand (BoT) unanimously voted to uphold the one-day repurchase rate at 1.50%, where it has been for over two years.
November 2, 2017
Consumer prices in Thailand increased 0.16% over the previous month in October, down from a 0.58% increase in September.
October 31, 2017
Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth.
Thailand: Export growth beats market expectations in September, despite ongoing worries over the strength of the currency
October 31, 2017
Thailand’s external sector recorded a USD 3.4 billion surplus in September, coming in ahead of the surplus registered in the same month a year ago.