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. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand decreased 0.04 percent in February of 2026 over the same month in the previous year. Industrial Production in Thailand averaged 5.34 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 April of 2026.
Industrial Production in Thailand decreased 0.04 percent in February of 2026 over the same month in the previous year. Industrial Production in Thailand is expected to be 2.40 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.