Manufacturing in Thailand

Thailand Manufacturing | Economic News & Forecasts

Thailand - Manufacturing

Manufacturing activity drops at sharpest pace in 15 months in July

Manufacturing output dived 5.1% in month-on-month seasonally-adjusted terms in July, which was a deterioration from June's 0.3% decrease. July's figure marked the worst reading since April 2020.

On an annual basis, manufacturing production rose at a more moderate pace of 5.1% in July (June: +18.3% yoy), the worst result since February. Meanwhile, annual average manufacturing output growth rose to 3.6% in July (June: +1.9%), signaling an improving trend in the manufacturing sector.

FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 8.0% in 2021, which is down 1.4 percentage points from last month’s estimate, and increase 7.8% in 2022.

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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