Industrial production in Thailand unexpectedly declined by 4.15 percent year-on-year in August 2021, compared with market consensus of a flat reading and after a downwardly revised 3.92 percent rise a month earlier. This was the first drop in industrial output since February, amid the latest wave of COVID-19 infections in the country and a migrant labor shortage. The government expects the manufacturing production index to grow 4-5% this year. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand averaged 6.14 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 October of 2021.

Industrial Production in Thailand is expected to be 6.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
-4.15 3.92 59.60 -32.00 1988 - 2021 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2021-06-28 04:00 AM May 25.84% 17.97% 19.55% 25%
2021-07-30 04:00 AM Jun 17.58% 25.73% 18.8% 19%
2021-08-30 04:00 AM Jul 5.12% 18.27% 11% 12%
2021-09-29 04:30 AM Aug -4.15% 3.92% 0% -1.1%
2021-10-28 04:00 AM Sep -4.15%
2021-11-26 04:00 AM Oct
2021-12-28 04:00 AM Nov


News Stream
Thailand Industrial Output Drops for 1st Time in 6 Months
Industrial production in Thailand unexpectedly declined by 4.15 percent year-on-year in August 2021, compared with market consensus of a flat reading and after a downwardly revised 3.92 percent rise a month earlier. This was the first drop in industrial output since February, amid the latest wave of COVID-19 infections in the country and a migrant labor shortage. The government expects the manufacturing production index to grow 4-5% this year.
2021-09-29
Thailand Industrial Output Growth at 5-Month Low
Industrial production in Thailand grew by 5.12 percent year-on-year in July 2021, moderating sharply from an upwardly revised 18.27 percent jump a month earlier and missing market estimates of 11 percent. This was the weakest growth in industrial output since a decline in February, amid the latest wave of COVID-19 infections in the country and a migrant labor shortage. The manufacturing production gain was mainly by the higher production of automobiles, electronics, and rubber. The government expects the manufacturing production index to grow 4-5% this year.
2021-08-30
Thailand Industrial Output Rises Less than Estimated
Industrial production in Thailand grew by 17.58 percent year-on-year in June 2021, moderating from a marginally revised 25.73 percent jump a month earlier and missing market estimates of 18.8 percent. Still, this marked the fourth straight month of increase in industrial output, amid a low base effect in 2020 due to the ongoing COVID-19 pandemic. The manufacturing production gain was boosted by the higher production of automobiles, electronics, and steel.
2021-07-30
Thailand Industrial Output Growth at 8-1/2-Year High
Industrial production in Thailand surged by 25.84 percent year-on-year in May of 2021, above market estimates of a 19.55 percent growth and after a downwardly revised 17.97 percent gain in April. This was the third straight month of increase in industrial output and the strongest pace since November 2012, amid a low base effect in 2020 due to the ongoing COVID-19 pandemic. The manufacturing production gain was boosted by higher production of automobiles, air conditioners, and electronics.
2021-06-28

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