Latest reading: Industrial production rose 1.8% year on year in May, improving from April’s 1.5% expansion but continuing to undershoot...
Manufacturing Production in Thailand
The economy recorded average manufacturing growth of -4% in the decade to 2024. In 2024, manufacturing growth was -1.3%, up from the -3.6% reading of the 2023.
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 output expands in April
Latest reading: Manufacturing output rose 2.2% in year-on-year terms in April, up from March’s flat result and coming in at the highest level in a year. The figure came on the back of stronger growth in food products output and a rebound in automotive vehicles production. Moreover, refined petroleum products contracted at a softer rate, while computer and electronic products decelerated. On a seasonally adjusted monthly basis, manufacturing production rose at a quicker rate of 2.9% in April (March: +1.7% mom s.a.), the best result since May 2023. Meanwhile, the trend pointed down, with the annual average variation of manufacturing production coming in at minus 1.1% in April, down from March's minus 1.0% reading.
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 7 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
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Russia: Industrial output growth rises but remains mild in May -
Taiwan: Industrial output growth remains buoyant in May Latest reading: Industrial production grew 22.6% year on year in May (April: +23.7% yoy), well above market expectations, driven chiefly... -
Lithuania: Industrial output growth eases in May Latest reading: Industrial output increased 1.9% compared to the same month of the previous year in May, which followed April’s... -
Belarus: Industrial output growth falls to an over two-year low in May Latest reading: Industrial production growth eased to 1.1% year on year in May (April: +1.4% yoy), marking the weakest reading... -
Kazakhstan: Industrial output loses momentum in May Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration... -
Euro Area: Industrial output falls at sharpest pace since July 2023 in April Latest reading: Industrial output declined 2.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 2.4% increase. April’s figure... -
Uruguay: Manufacturing activity growth eases in April Latest reading: Manufacturing output grew 7.2% in year-on-year terms in April, which followed March’s 16.2% increase. April’s reading was largely...