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. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand averaged 6.15 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 October of 2020.
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.