Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing output jumps by more than expected in July
A month-on-month comparison showed that manufacturing output increased 1.1% in July, contrasting last month’s revised 0.9% decrease (previously reported: -3.1% month-on-month). The monthly result was chiefly driven by the basic metals sub-sector
Industrial production increased 3.7% year-on-year in July, coming in above market expectations of a 3.2% increase and contrasting the prior month’s 0.3% decrease (previously reported: -0.2% year-on-year). The third quarter of the year seems to have continued the same volatile trajectory seen throughout the first half of the year. July’s result came on the back of significant improvements in the tobacco, other transport equipment, and electrical machinery and apparatus sub-sectors.
Annual average growth in manufacturing production came in at 1.3% in July (June: +0.7%). The reversal is likely linked to the continued strong performance of Thailand’s external sector, as four-fifths of exports are made up of industrial goods.
FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 1.5% in 2017, which is down 0.1 percentage points from last month’s estimate. For 2018, the panel expects manufacturing to increase 3.0%.
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||2.33||0.0 %||Sep 21|
|Exchange Rate||33.08||0.14 %||Sep 21|
|Stock Market||1,670||-0.01 %||Sep 21|
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September 2, 2017
Consumer prices increased 0.11% month-on-month in August, contrasting last month’s decrease (July: -0.13% month-on-month).
August 31, 2017
A month-on-month comparison showed that manufacturing output increased 1.1% in July, contrasting last month’s revised 0.9% decrease (previously reported: -3.1% month-on-month).
August 23, 2017
Thailand’s external sector again failed to beat market expectations as the pace of export growth slowed in July, leading to the first monthly trade deficit in over two years.
August 21, 2017
Thailand’s economy expanded a healthy 3.7% year-on-year in Q2—the fastest acceleration in over four years—supported by an expansion in government spending as well as impressive export growth.
August 16, 2017
At its 16 August monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for over two years.