Industrial production in Thailand unexpectedly declined by 2.11 percent year-on-year in May 2022, missing market consensus of a 1.5 percent growth and following a downwardly revised 0.03 percent drop in the prior month. This was the second straight month of fall in industrial output amid COVID-19 disruptions and global supply chain issues, with production mainly falling for cars, hard disk drives, and plastic pellets. For this year, the government expects industrial output to rise between 4 to 5 percent. In 2021, the country's industrial production increased by 5.93 percent, exceeding the government’s target of 5.2 percent. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand averaged 6.05 percent from 1988 until 2022, 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 2022.

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. In the long-term, the Thailand Industrial Production is projected to trend around 3.50 percent in 2023, according to our econometric models.

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Thailand Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 04:00 AM Apr 0.56% 0.44% 1.6% 1.6%
2022-06-29 04:00 AM May -2.11% -0.03% 1.5% 0.7%
2022-07-29 04:00 AM Jun -2.11%


Related Last Previous Unit Reference
Industrial Production -2.11 -0.03 percent May 2022
Industrial Production Mom -0.30 -0.80 percent Apr 2022
Capacity Utilization 61.88 63.71 points May 2022

Thailand Industrial Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
-2.11 -0.03 59.60 -32.00 1988 - 2022 percent Monthly
2011=100

News Stream
Thailand Industrial Output Unexpectedly Falls
Industrial production in Thailand unexpectedly declined by 2.11 percent year-on-year in May 2022, missing market consensus of a 1.5 percent growth and following a downwardly revised 0.03 percent drop in the prior month. This was the second straight month of fall in industrial output amid COVID-19 disruptions and global supply chain issues, with production mainly falling for cars, hard disk drives, and plastic pellets. For this year, the government expects industrial output to rise between 4 to 5 percent. In 2021, the country's industrial production increased by 5.93 percent, exceeding the government’s target of 5.2 percent.
2022-06-29
Thailand Industrial Output Growth Below Estimates
Industrial production in Thailand grew by 0.56 percent year-on-year in April 2022, following an upwardly revised 0.44 percent rise a month earlier and compared with market forecasts of a 1.6 percent growth, This was the eighth straight month of increase in industrial output, as COVID-19 situation remained under control. For this year, the government expects industrial output to rise between 4 to 5 percent. In 2021, the country's industrial production advanced 5.93 percent, exceeding the government’s target of 5.2 percent.
2022-05-30
Thailand Industrial Output Unexpectedly Falls
Industrial production in Thailand unexpectedly edged down 0.1 percent year-on-year in March 2022, compared with market consensus of a 2.15 percent rise and after a downwardly revised 2.5 percent increase a month earlier. It was the first decline in industrial production since last August, amid rising inflation. Thailand’s annual inflation rate accelerated to 5.73% in March 2022, the highest reading since September 2008. For this year, the government expects industrial output to rise between 4 to 5 percent. In 2021, the country's industrial production grew 5.93 percent, exceeding the government’s target for the year of 5.2 percent and reversing from a 9.3 percent decline in 2020.
2022-04-28