Manufacturing in Thailand
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
|Manufacturing (annual variation in %)||1.9||-4.0||0.0||1.4||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
|Bond Yield||2.75||0.0 %||Nov 09|
|Exchange Rate||32.97||0.17 %||Nov 09|
|Stock Market||1,669||-1.41 %||Nov 09|
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November 5, 2018
Consumer prices inched up 0.06% over the previous month in October, down from the 0.29% price increase in September.
October 30, 2018
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.
October 24, 2018
Thailand recorded a USD 487 million trade surplus in September, contrasting August’s USD 588 million deficit but noticeably below the USD 3.4 billion surplus recorded in the same month a year earlier.
October 1, 2018
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise.
September 27, 2018
Manufacturing output growth slowed to 0.7% year-on-year in August, down noticeably from July’s upwardly revised 4.9% (previously reported: +4.6% year-on-year) and marking the weakest reading since April 2017.