Thailand Industry

Thailand

Thailand: Manufacturing bounces back in January

February 28, 2011

In January, manufacturing production rose 3.7% over the same month last year, which contrasted the revised 3.4% fall observed in December (previously reported: -2.5% year-on-year), but fell short of market expectations, which had seen industrial production expanding a more robust 4.1%. Manufacturing output bounced back in January, after recording its first annual contraction in December, which followed 13 consecutive months of positive growth. The January improvement was mainly the result of a sharp expansion in textiles as well as in radio, televisions and communication equipment. A month-on-month comparison corroborates the improvement suggested by annual figures, as manufacturing production expanded a solid 1.29% in January in seasonally adjusted terms, which exceeded the previous month's 0.45% increase. Owing to the moderate January reading, the trend continues to point downwards, with annual average growth in manufacturing output plummeting from 14.5% in December to 12.5% in January, after manufacturing output growth reached its peak in October 2010. Meanwhile, the Central Bank expects the economy to expand between 3.0% and 5.0% this year, while the National Economic and Social Development Board expects the economy to expand between 3.5% and 4.5% this year.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Industry in Thailand? Download a sample report now.

Download




Thailand Economic News

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

  • Thailand: Bank of Thailand stands pat in May

    May 8, 2019

    In a unanimous vote at its 8 May meeting, the Monetary Policy Committee of the Bank of Thailand opted to leave the policy rate unaltered at 1.75% after the committee turned more dovish in the prior meeting.

    Read more

  • Thailand: Manufacturing output drops in March

    April 30, 2019

    Manufacturing production fell 2.5% year-on-year in March, down from a revised 1.3% drop in the prior month (previously reported: -1.6% year-on-year).

    Read more

  • Thailand: Exports drop in March, rounding off a weak first quarter

    April 23, 2019

    Thailand’s trade balance dropped from a USD 4.0 billion surplus in February to a USD 2.0 billion surplus in March; however, the 12-month moving sum of the trade balance increased to a USD 3.0 billion surplus from a surplus of USD 2.4 billion in February. In March, exports dropped 4.9% year-on-year while imports fell 7.6% year-on-year.

    Read more

  • Thailand: Inflation returns to target in March

    April 4, 2019

    Consumer prices rose 0.41% in March over the previous month (February: 0.24% month-on-month) due to higher prices for food and non-alcoholic beverages; housing and furnishing; and transport and communication. Inflation picked up to 1.2% in March, up from 0.7% in February and returning to the Central Bank’s 1.0%–4.0% target range.

    Read more

More news

Search form