Industrial production in Thailand unexpectedly rose by 0.35 percent year-on-year in November 2020, beating market forecasts of a 0.55 percent fall and after a downwardly revised 0.42 percent drop a month earlier. This was the first increase in industrial output since April 2019 as the economy gradually recovered from the COVID-19 disruption, amid higher production of cars, petroleum and electronics. The government has forecast industrial output to drop by 8 percent this year after projecting an 8 to 9 percent earlier. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand averaged 6.12 percent from 1988 until 2020, reaching an all time high of 59.60 percent in November of 2012 and a record low of -32 percent in November of 2011. This page provides the latest reported value for - Thailand Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.

Industrial Production in Thailand is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Thailand to stand at 6.50 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 5.50 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Thailand Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
0.35 -0.42 59.60 -32.00 1988 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 04:00 AM Aug -9.34% -12.93% -12.55% -13%
2020-10-28 03:30 AM Sep -2.75% -9.05% -4.71% -5.5%
2020-11-27 03:30 AM Oct -0.54% -2.15% -1.8% -3.5%
2020-12-29 04:00 AM Nov 0.35% -0.42% -0.55% -1.5%
2021-01-29 04:00 AM Dec 0.35% -1.1%
2021-02-26 04:00 AM Jan
2021-03-25 04:00 AM Feb
2021-04-29 04:00 AM Mar


News Stream
Thailand Industrial Output Unexpectedly Rebounds
Industrial production in Thailand unexpectedly rose by 0.35 percent year-on-year in November 2020, beating market forecasts of a 0.55 percent fall and after a downwardly revised 0.42 percent drop a month earlier. This was the first increase in industrial output since April 2019 as the economy gradually recovered from the COVID-19 disruption, amid higher production of cars, petroleum and electronics. The government has forecast industrial output to drop by 8 percent this year after projecting an 8 to 9 percent earlier.
2020-12-29
Thailand Industrial Output Drops Less than Expected
Industrial production in Thailand declined by 0.54 percent year-on-year in October ber of 2020, compared with market forecasts of a 1.8 percent drop and after a downwardly revised 2.15 percent fall a month earlier. This was the 18th straight month of fall in industrial output but the softest in the current sequence of decrease, amid the prolonged impact caused by the COVID-19 pandemic, with production falling for cars, and clothes. The government has forecast industrial output to drop by 8 percent this year after projecting an 8 to 9 percent earlier. Meantime, capacity utilization in October was 63.2 percent after September’s revised 63.46 percent.
2020-11-27
Thailand Industrial Output Falls the Least in 17 Months
Industrial production in Thailand declined by 2.75 percent year-on-year in September of 2020, compared with market forecasts of a 4.71 percent drop and after a downwardly revised 9.05 percent plunge. This was the 17th straight month of fall in industrial output but the softest in current sequence of decrease, amid the prolonged impact caused by the COVID-19 pandemic, with production falling for cars, petroleum, and sugar. The government has forecast industrial output to drop by 8-9 percent this year. Meantime, capacity utilization in September was 63.07 percent after August’s revised 60.86 percent.
2020-10-28
Thailand Industrial Output Drops the Least in 6 Months
Industrial production in Thailand declined by 9.34 percent year-on-year in August of 2020, compared with market forecasts of a 12.55 percent slump and after a downwardly revised 12.93% plunge. This was the 16th straight month of fall in industrial output and the softest in six months, led by lower production of cars and hard disk drives, amid the prolonged impact caused by the coronavirus outbreak. Meantime, capacity utilization in August was 60.69 percent after July’s revised 57.58 percent.
2020-09-30

Thailand Industrial Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.