Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and...
Manufacturing Production in Thailand
In the year 2024, the manufacturing production in Thailand was -1.32%, compared to -4.01% in 2014 and -3.63% in 2023. It averaged -0.46% over the last decade.
Thailand Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Thailand from 2016 to 2024.
Source: Macrobond.
Thailand Manufacturing Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | -9.5 | 8.3 | 1.5 | -3.6 | -1.3 |
Manufacturing production contracts at sharpest rate since March in August
Latest reading: Manufacturing output fell 1.9% year on year in August (July: +1.6% yoy). August's figure marked the worst reading since March. The result was largely due to weaker food products output growth. In addition, both chemical and refined petroleum products output lost pace. That said, computer and electronic products decreased at a softer pace than in July. Meanwhile, the trend improved, with the annual average variation of manufacturing production coming in at minus 2.2%, up from July's minus 2.6%. On a monthly basis, manufacturing output fell 3.0% in seasonally adjusted terms in August, contrasting July’s 2.4% expansion and marking the worst result since April 2023.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai manufacturing projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for Thai manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai manufacturing projections.
Want to get access to the full dataset of Thai manufacturing forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
-
Sweden: Industrial output rebounds sharply in April -
Argentina: Industrial output growth rises in April Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above... -
France: Industrial activity drops at sharpest pace since May 2024 in April Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result... -
Germany: Industrial output returns to the doldrums in April Latest reading: Industrial production decreased 1.4% on a seasonally and calendar-adjusted month-on-month basis in April. The reading was a deterioration... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Norway: Industrial production rebounds in April Latest reading: Industrial production returned to growth in April, expanding 2.1% month on month in seasonally adjusted terms (March: -0.4%... -
Latvia: Industrial output rebounds in April Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details...