Industrial production in Thailand declined by 17.66 percent year-on-year in June 2020, compared with market forecasts of a 21 percent slump and after a revised 23.8 percent plunge a month earlier. This was the 14th straight month of fall in industrial output, due to the severe impact caused by the coronavirus outbreak, with production falling the most for cars, petroleum, and tires. Meantime, capacity utilization rose to 55.21 percent in June from May's revised 52.34 percent.
Industrial Production in Thailand averaged 6.26 percent from 1988 until 2020, 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 August of 2020. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand is expected to be 2.00 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 3.10 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.20 percent in 2021, according to our econometric models.