Manufacturing in Thailand
Thailand - Manufacturing
Manufacturing production eases in July
On an annual basis, manufacturing production dived 14.7% in July, although this was notably better than June’s 17.8% fall. However, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 10.3% in July, down from June's minus 9.3%.
More positively, manufacturing output grew 4.3% month-on-month in seasonally-adjusted terms in July (June: +5.4% mom)., the second straight month of growth. The reading was driven by a strong uptick in the production of automobiles, rubber and plastic products, and electronic components.
FocusEconomics Consensus Forecast panelists expect manufacturing output to fall 10.7% in 2020, which is down 0.9 percentage points from last month’s estimate. For 2021, the panel sees manufacturing output increasing 7.3%.
Thailand - Manufacturing Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Manufacturing (annual variation in %) | 0.0 | 1.4 | 1.8 | 3.7 | -3.6 |
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
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Economic News
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Thailand: Consumer prices continue to fall in August
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Consumer prices rose 0.29% over the previous month in August, which was below the 0.66% rise seen in July.
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Thailand: Manufacturing production eases in July
August 28, 2020
On an annual basis, manufacturing production dived 14.7% in July, although this was notably better than June’s 17.8% fall.
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August 24, 2020
Merchandise exports fell 11.4% over the same month last year in July, softening from June’s 23.2% dive.
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Thailand: Consumer prices fall at milder rate in annual terms in July
August 6, 2020
Consumer prices increased 0.66% in July over the previous month, slowing from June's 1.56% rise.
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