Industrial production in Thailand unexpectedly declined by 1.08 percent year-on-year in February of 2021, missing market estimates of a 0.1 percent gain and after a downwardly revised 2.0 percent fall in January. This was the third straight month of decline in industrial output, amid the prolonged impact of COVID-19 disruptions, weighed down by lower oil production. In March, the output is expected to rise due to a low base effect, according to the industry ministry. The government forecast the manufacturing production index would increase between 4 to 5 percent this year after contracting 8.8 percent in 2020. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand averaged 6.06 percent from 1988 until 2021, 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 April of 2021.

Industrial Production in Thailand is expected to be 8.50 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 2.50 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.50 percent in 2022, according to our econometric models.

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Thailand Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-1.08 -2.00 59.60 -32.00 1988 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-12-29 04:00 AM Nov 0.35% -0.42% -0.55% -1.5%
2021-01-27 04:00 AM Dec -2.44% 0.2% -1.2% -1.1%
2021-02-25 04:00 AM Jan -2.8% -2.8% -4.4% -4.9%
2021-03-31 04:00 AM Feb -1.08% -2.0% 0.1% 0.5%
2021-04-30 04:00 AM Mar -1.08% 4.8%
2021-05-27 04:00 AM Apr
2021-06-28 04:00 AM May
2021-07-28 04:00 AM Jun


News Stream
Thailand Industrial Output Unexpectedly Drops
Industrial production in Thailand unexpectedly declined by 1.08 percent year-on-year in February of 2021, missing market estimates of a 0.1 percent gain and after a downwardly revised 2.0 percent fall in January. This was the third straight month of decline in industrial output, amid the prolonged impact of COVID-19 disruptions, weighed down by lower oil production. In March, the output is expected to rise due to a low base effect, according to the industry ministry. The government forecast the manufacturing production index would increase between 4 to 5 percent this year after contracting 8.8 percent in 2020.
2021-03-31
Thailand Industrial Output Falls Less than Estimated
Industrial production in Thailand declined by 2.8 percent year-on-year in January of 2021, compared with market estimates of a 4.4 percent drop and after a revised 2.8 percent fall in December, amid prolonged impact of COVID-19 disruptions. The government forecast the manufacturing production index would increase between 4 to 5 percent this year after contracting 8.8 percent in 2020.
2021-02-25
Thailand Industrial Output Drops More than Expected
Industrial production in Thailand declined by 2.44 percent in December 2020, compared with market estimates of a 1.45 percent drop and after a downwardly revised 0.2 percent gain in November, as a resurgence of COVID-19 cases hit business activity. There were falls in the output of petroleum, sugar, and rubber. The government forecast the manufacturing production index would increase between 4 to 5 percent this year after contracting 8.8 percent in 2020. Meantime, capacity utilisation was down to 63.77 percent from November's revised 65.43 percent.
2021-01-27
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 Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.