Industrial production in Thailand declined by 4.4 percent year-on-year in August 2019, compared to market expectations of a 3.6 percent fall and following a 3.23 percent drop in a month earlier. This was the fourth straight month of decrease in industrial output as production of cars, petroleum and steel declined. Industrial Production in Thailand averaged 6.68 percent from 1988 until 2019, reaching an all time high of 59.60 percent in November of 2012 and a record low of -32.50 percent in November of 2011.
Industrial Production in Thailand is expected to be 3.20 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 3.20 percent in 2020, according to our econometric models.