Latest reading: Industrial production increased 0.2% in annual terms in August, following a 2.6% rise in the prior month. Relative...
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 2025 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 production shrinks more quickly in August
Latest reading: Manufacturing production fell 4.2% in annual terms in August, following a 3.8% fall in the previous month. Relative to the prior month's figures, production in August worsened for food products (-5.5% on a year-on-year basis vs -1.2% in July), automotive vehicles (-8.0% vs -7.2% in July) and chemical products (-4.2% vs -1.7% in July). In contrast, readings improved for computer and electronic products (+10.0% vs +6.4% in July) and refined petroleum products (-8.0% vs -16.5% in July). In seasonally adjusted month-on-month terms, manufacturing production declined 2.1% in August, following a 2.2% decline in the previous month.
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 4 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.
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