Thailand’s industrial production rose 0.75% year-on-year in March 2026, edging higher from a revised 0.09% increase in the previous month and beating expectations for a 1.0% decline. The improvement was driven by stronger petroleum and automotive output alongside resilient exports. Growth was also supported by a smooth government formation, which helped sustain policy continuity and ongoing project execution. However, gains were tempered by persistent external headwinds, including geopolitical tensions and trade protectionism weighing on global demand and trading partner confidence. Rising energy and freight costs linked to Middle East tensions continued to pressure production expenses, while stronger import competition added strain on domestic manufacturers. The central bank’s steady rate stance and cautious outlook further underscored a still-fragile external environment despite the upside surprise. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand increased 0.75 percent in March of 2026 over the same month in the previous year. Industrial Production in Thailand averaged 5.33 percent from 1988 until 2026, reaching an all time high of 59.55 percent in November of 2012 and a record low of -32.02 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 May of 2026.

Industrial Production in Thailand increased 0.75 percent in March of 2026 over the same month in the previous year. Industrial Production in Thailand is expected to be 1.90 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 2.50 percent in 2027 and 2.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 04:00 AM
Industrial Production YoY
Feb -0.04% 1.64% 2.3% 1.7%
2026-04-30 04:00 AM
Industrial Production YoY
Mar 0.75% 0.09% -1.5% 2.4%
2026-05-29 04:00 AM
Industrial Production YoY
Apr 0.75%


Related Last Previous Unit Reference
Business Confidence 43.50 47.70 points Apr 2026
Capacity Utilization 64.61 58.81 percent Mar 2026
Vehicle Production 133413.00 117952.00 Units Mar 2026
Passenger Car Sales 22526.00 16386.00 Units Mar 2026
Changes in Inventories 180513.00 -117955.00 THB Million Dec 2025
Coincident Index 105.60 106.30 points Mar 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY 0.75 0.09 percent Mar 2026
Industrial Production Mom 1.76 -1.95 percent Mar 2026
Leading Economic Index 162.47 164.92 points Mar 2026
Private Investment MoM -3.50 1.90 percent Mar 2026
Domestic Car Sales 59865.00 48242.00 Units Mar 2026


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
0.75 0.09 59.55 -32.02 1988 - 2026 percent Monthly
2011=100

News Stream
Thailand Industrial Output Edges Up in March
Thailand’s industrial production rose 0.75% year-on-year in March 2026, edging higher from a revised 0.09% increase in the previous month and beating expectations for a 1.0% decline. The improvement was driven by stronger petroleum and automotive output alongside resilient exports. Growth was also supported by a smooth government formation, which helped sustain policy continuity and ongoing project execution. However, gains were tempered by persistent external headwinds, including geopolitical tensions and trade protectionism weighing on global demand and trading partner confidence. Rising energy and freight costs linked to Middle East tensions continued to pressure production expenses, while stronger import competition added strain on domestic manufacturers. The central bank’s steady rate stance and cautious outlook further underscored a still-fragile external environment despite the upside surprise.
2026-04-30
Thailand Industrial Output Unexpectedly Falls
Thailand’s industrial production fell 0.04% year-on-year in February 2026, reversing an upwardly revised 1.64% gain in the previous month and defying market expectations of a 2.3% rise. This marked the first annual decline since November 2025, driven by a drop in petroleum output due to temporary maintenance shutdowns at several refineries, while car production also eased, according to Supakit Boonsiri, head of the ministry’s Industrial Economics Office. He forecast a modest increase in industrial output for March, underpinned by higher production of air conditioners, food, and beverages over the summer. However, geopolitical uncertainties stemming from tensions in the Middle East have added pressure to logistics and energy expenditures, with effects expected in the coming months. The government plans an oil tax cut to mitigate the impact of rising oil prices. Meanwhile, Mr. Supakit said the ministry will review its 2026 output forecast in May, currently projecting 1.5–2.5% growth.
2026-03-27
Thailand Industrial Output Rises More Than Expected
Thailand’s industrial production rose 1.46% year-on-year in January 2026, surpassing the expected 0.9% gain and following a 2.52% increase in December. This marked the second consecutive month of growth, driven by ongoing expansion in automotive output and heightened activity ahead of the February general election. Automotive production climbed 6.3% annually, supported by domestic demand for hybrid EVs and BEVs, while electronics output, including printed circuit boards and integrated circuits, surged 18.2% on strong global demand. Palm oil production also jumped 67.3% due to higher yields boosting market supply.Meanwhile, the industrial sector faced headwinds from a decline in inbound tourism and a stronger baht, which weighed on the competitiveness of Thai products. Looking ahead, factory activity is expected to expand 1.5–2.5% in 2026, supported by steady trade with key partners, government stimulus measures, and a shift toward looser monetary policy.
2026-02-27