Thailand Industry


Thailand: Manufacturing output contracts on the back of supply chain disruptions

April 29, 2011

In March, manufacturing output fell 6.7% over the same month last year, which was well below the revised 3.0% contraction observed in February (previously reported: -3.4% year-on-year) and market expectations, which had seen manufacturing output dropping 4.6%. The reading marked the sharpest fall since August 2009. The monthly drop reflected the impact of trade and supply chain disruptions after the 11 March Japan earthquake, as manufacturing of electronics and computing machinery fell 20.2% year-on-year. In addition, contractions in the manufacturing of textiles (-8.1% yoy) as well as in petroleum products production (-7.0% yoy) also contributed to the weaker March result. A month-on-month assessment confirms the contraction suggested by the annual figures, as manufacturing production fell a seasonally adjusted 0.10% in March. Owing to the monthly drop, the trend points to a sluggish performance in the manufacturing sector, with annual average growth in manufacturing output falling from 9.8% in February to 6.4% in March, the slowest pace in one full year. Meanwhile, the Bank of Thailand anticipates that economic activity will grow 4.1% this year and to accelerate further in 2012, reaching 4.2%.

Author:, Senior Economist

Sample Report

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


Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • 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

More news

Search form