Manufacturing in Thailand

Thailand Manufacturing | Economic News & Forecasts

Thailand - Manufacturing

Thai manufacturing output contracts in September

Manufacturing output contracted 2.6% year-on-year in September, contrasting a slightly revised 0.8% expansion in August (previously reported: +0.7% year-on-year) and below market expectations of a more moderate 0.5% drop. The result marks the first contraction since April last year and the weakest reading since July 2016. The headline figure was driven by marked drops in the manufacturing of motor vehicles, trailers and semi-trailers; rubber and plastic products; and electrical equipment.

On a seasonally-adjusted month-on-month basis, manufacturing production dropped 1.2% in September, contrasting the 0.3% increase recorded in August. Finally, annual average manufacturing output growth eased to 3.3% in September from 4.0% in August.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 3.0% in 2019, which is unchanged from last month’s estimate. For 2020, the panel sees manufacturing output increasing 2.8%.

Thailand - Manufacturing Data

2013  2014  2015  2016  2017  
Manufacturing (annual variation in %)1.9  -4.0  0.0  1.4  2.5  

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Thailand Manufacturing Chart

Thailand Industry
Note: Annual variation of manufacturing output in %.
Source: Office of Industrial Economics and FocusEconomics calculations.

Thailand Facts

Bond Yield2.750.0 %Nov 09
Exchange Rate32.970.17 %Nov 09
Stock Market1,669-1.41 %Nov 09

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