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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Manufacturing (annual variation in %) | 1.9 | -4.0 | 0.0 | 1.4 | 2.5 |
Thailand Manufacturing Chart
Source: Office of Industrial Economics and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| 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%.
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Consumer prices decreased 0.05% over the previous month in July, a softer drop than the prior month’s 0.09% decrease.
Thailand: Manufacturing production overshoots market expectations in June
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).
Thailand: Export growth remains strong in June despite escalating US-China trade tensions
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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.
Thailand: Thai manufacturing production picks up pace slightly in May but undershoots expectations
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).
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