Manufacturing in Thailand
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
|Manufacturing (annual variation in %)||0.0||1.4||1.8||3.7||-3.6|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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August 27, 2021
Manufacturing output dived 5.1% in month-on-month seasonally-adjusted terms in July, which was a deterioration from June's 0.3% decrease.
August 25, 2021
Merchandise exports rose 20.3% in annual terms in July, following June’s 43.8% jump.
August 16, 2021
GDP rebounded in the second quarter, rising 7.5% year-on-year and contrasting the 2.6% contraction logged in the first quarter.
August 7, 2021
Consumer prices fell 0.18% over the previous month in August, a sharper drop than July's 0.12% fall.
August 5, 2021
Consumer prices fell 0.12% in July over the previous month, contrasting the 0.38% rise seen in June.