Industrial production in Thailand advanced 2.91 percent year-on-year in October 2021, compared with market consensus of a 1.6 percent growth and after an upwardly revised 0.3 percent increase a month earlier. The latest figure pointed to the second straight month of gains in industrial output, amid an easing of COVID-19 restrictions. The government expects the manufacturing production index to grow 5.2 percent this year and between 4 to 5 percent in 2022 following a 9.3 percent drop in 2020. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand averaged 6.11 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 December of 2021.

Industrial Production in Thailand is expected to be 5.00 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 04:00 AM Sep -1.28% -4.71% -3% -2.5%
2021-11-30 04:00 AM Oct 2.91% 0.3% 1.6% 1.5%
2021-12-28 04:00 AM Nov 2.91%


Related Last Previous Unit Reference
Industrial Production 2.91 0.30 percent Oct/21
Industrial Production Mom -3.50 -6.00 percent Aug/21
Capacity Utilization 64.38 62.17 points Oct/21

News Stream
Thailand Industrial Output Growth Beats Estimates
Industrial production in Thailand advanced 2.91 percent year-on-year in October 2021, compared with market consensus of a 1.6 percent growth and after an upwardly revised 0.3 percent increase a month earlier. The latest figure pointed to the second straight month of gains in industrial output, amid an easing of COVID-19 restrictions. The government expects the manufacturing production index to grow 5.2 percent this year and between 4 to 5 percent in 2022 following a 9.3 percent drop in 2020.
2021-11-30
Thailand Industrial Output Drops Less than Estimated
Industrial production in Thailand declined by 1.28 percent year-on-year in September 2021, compared with market consensus of a 3 percent fall and after a revised 4.71 percent decrease a month earlier. The latest figure pointed to the second straight month of drop in industrial output, 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.
2021-10-27
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 Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.