Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing production overshoots market expectations in June
Manufacturing output grew 4.7% year-on-year in June, which was above May’s revised 2.9% annual increase (previously reported: +3.2% year-on-year). This acceleration, which followed six consecutive months of moderation, was notably above more moderate market expectations of a 3.0% yoy expansion. June’s print benefited from higher production of motor vehicles, trailers and semi-trailers; food products; computer, electronic and optical products; and rubber and plastic products. This offset marked contractions in the output of textiles, tobacco products, and beverages.
On a seasonally-adjusted month-on-month basis, manufacturing production growth in June slowed marginally to 1.5% from the previous month’s revised 1.7% (previously reported: +1.8% month-on-month). Annual average manufacturing output growth, however, increased to 4.3% in June from 4.0% in May.
Thailand Manufacturing Output Forecast
FocusEconomics Consensus Forecast panelists expect manufacturing output to grow 3.2% in 2018, which is up 0.4 percentage points from last month’s estimate. For 2019, the panel sees manufacturing output increasing 3.5%.
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||2.63||0.0 %||Aug 15|
|Exchange Rate||33.29||0.17 %||Aug 15|
|Stock Market||1,676||-1.41 %||Aug 15|
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August 8, 2018
At the Monetary Policy Committee meeting of the Bank of Thailand (BoT), which was held on 8 August, the committee voted six-to-one to maintain the one-day repurchase rate at 1.50%.
August 1, 2018
Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease.
July 31, 2018
Manufacturing output grew 4.7% year-on-year in June, which was above May’s revised 2.9% annual increase (previously reported: +3.2% year-on-year).
July 23, 2018
Thailand’s trade surplus grew to a seven-month high of USD 1.6 billion in June, up from the USD 1.2 billion surplus registered in May, primarily due to softer import growth.
June 29, 2018
In annual terms, manufacturing output grew 3.2% in May, up from the prior month’s revised 3.1% year-on-year growth rate (previously reported: +4.0% year-on-year).