Manufacturing in Thailand

Thailand Manufacturing | Economic News & Forecasts

Thailand - Manufacturing

Manufacturing output again beats expectations in September

Manufacturing output increased 4.2% in annual terms in September, matching the previous month’s revised print (previously reported: +3.7% year-on-year) and overshooting market expectations of a more modest pace of growth. September’s print closes a strong third quarter, in which the manufacturing sector has posted growth rates unabatedly, following a volatile trajectory through the first half of the year. September’s print was supported by higher output in the motor vehicles, trailers and semi-trailers; rubber and plastic goods; and food products and beverages sub-sectors.

In seasonally-adjusted month-on-month terms, manufacturing output did not grow over the prior month, contrasting August’s strong, revised 3.2% growth (previously reported: +2.7%).

Annual average growth in manufacturing production came in at 1.5% in September (August: +1.3%; previously reported: +1.2%). The manufacturing sector is likely benefitting from the robust external sector, as industrial goods make up four-fifths of exports.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 3.0% in 2018, which is unchanged from last month’s estimate. For 2019, the panel expects manufacturing to increase 3.4%.

Thailand - Manufacturing Data

2012  2013  2014  2015  2016  
Manufacturing (annual variation in %)10.6  2.3  -3.8  -     -     

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Thailand Manufacturing Chart


Thailand Industry
Note: Annual variation of manufacturing output in %.
Source: Office of Industrial Economics and FocusEconomics calculations.

Thailand Facts

ValueChangeDate
Bond Yield2.390.0 %Nov 17
Exchange Rate32.830.17 %Nov 17
Stock Market1,709-1.41 %Nov 17

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form