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.