Manufacturing in Thailand

Thailand Manufacturing | Economic News & Forecasts

Thailand - Manufacturing

Manufacturing production eases in July

On an annual basis, manufacturing production dived 14.7% in July, although this was notably better than June’s 17.8% fall. However, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 10.3% in July, down from June's minus 9.3%.

More positively, manufacturing output grew 4.3% month-on-month in seasonally-adjusted terms in July (June: +5.4% mom)., the second straight month of growth. The reading was driven by a strong uptick in the production of automobiles, rubber and plastic products, and electronic components.

FocusEconomics Consensus Forecast panelists expect manufacturing output to fall 10.7% in 2020, which is down 0.9 percentage points from last month’s estimate. For 2021, the panel sees manufacturing output increasing 7.3%.

Thailand - Manufacturing Data

2015   2016   2017   2018   2019  
Manufacturing (annual variation in %)0.0  1.4  1.8  3.7  -3.6  

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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

Value Change Date
Exchange Rate30.110.17 %Dec 30

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