Latest reading: Industrial output grew 18.6% year on year in June (May: +22.1% yoy), driven chiefly by booming manufacturing output...
Manufacturing Production in Thailand
The economy recorded average manufacturing growth of -0.5% in the decade to 2024. In 2024, manufacturing growth was -1.3%, down from the -3.6% reading of the 2023.
Thailand Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Thailand from 2016 to 2024.
Source: Macrobond.
Thailand Manufacturing Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | -9.5 | 8.3 | 1.5 | -3.6 | -1.3 |
Manufacturing activity growth stable in May
Latest reading: Manufacturing output grew 1.9% compared to the same month a year earlier in May, matching April's increase. Looking at the details of the release, food products output grew at a softer pace. In contrast, automotive vehicles output picked up steam, and refined petroleum products accelerated. Meanwhile, the trend improved, with the annual average variation of manufacturing production coming in at minus 0.8% in May, up from April's minus 1.1% reading. On a seasonally adjusted monthly basis, manufacturing production fell 0.6% in May (April: +2.9% mom).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai manufacturing projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for Thai manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai manufacturing projections.
Want to get access to the full dataset of Thai manufacturing forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Taiwan: Industrial output growth remains buoyant in June -
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