Industrial production in Thailand plunged 23.19 percent year-on-year in May 2020, after a revised 18.2 percent fall a month earlier. This was the 13th straight month of decline in industrial output and the steepest since November 2011, due to the severe impact caused by the coronavirus outbreak, with production falling the most for cars, petroleum, and air conditioners. Meantime, capacity utilization rose to 52.84 percent in May from April's revised 51.27 percent.
Industrial Production in Thailand averaged 6.33 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 July of 2020. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.20 percent in 2021, according to our econometric models.