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.

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Thailand Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-17.66 -23.19 59.60 -32.00 1988 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 04:00 AM Mar -11.25% -4.24% -6.25% -6.8%
2020-05-27 04:00 AM Apr -17.21% -10.48% -19.55% -6.5%
2020-06-29 03:30 AM May -23.19% -18.22% -5.5%
2020-07-29 03:00 AM Jun -17.66% -23.8% -21% -20%
2020-08-26 04:00 AM Jul -17.66%
2020-09-30 04:00 AM Aug
2020-10-28 04:00 AM Sep 2%
2020-11-25 04:00 AM Oct


News Stream
Thailand Industrial Output Drops for 14th Month
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.
2020-07-29
Thailand Industrial Output Falls the Most Since 2011
Industrial production in Thailand plunged 23.19 percent year-on-year in May 2020, after a revised 18.2 percent fall a month earlier. This was the 13th straight month of decline in industrial output and the steepest since November 2011, due to the severe impact caused by the coronavirus outbreak, with production falling the most for cars, petroleum, and air conditioners. Meantime, capacity utilization rose to 52.84 percent in May from April's revised 51.27 percent.
2020-06-29
Thailand Industrial Output Drops Less than Expected in April
Thailand's manufacturing production slumped 17.21 percent year-on-year in April of 2020, compared with market expectations of 19.55 percent fall and following a downwardly revised 10.48 percent decline in the previous month. This was the 12th straight month of decrease in factory activity and the steepest since November 2011, amid the rapid spread of COVID-19 cases in the country, with production falling for cars, petroleum, and beer. For 2020, the ministry has forecast the manufacturing production index to rise 2 to 3 percent. The outbreak is expected to have a short-term impact on the country's factory output, mainly on the food industry, due to a drop in tourists. Meanwhile, capacity utilization fell to 51.87 percent in April from March's upwardly revised 67.78 percent.
2020-05-27
Thailand Industrial Output Shrinks the Most Since December 2011
Thailand's manufacturing production slumped 11.25 percent year-on-year in March of 2020, following a downwardly revised 4.24 percent decline in the previous month and compared with market expectations of 6.25 percent fall. This was the 11th straight month of decrease in factory output and the steepest since December 2011, amid rapid spread of COVID-19 cases, with production falling for cars, sugar, and petroleum. Capacity utilization was at 67.22 percent in March after February's upwardly revised 66.06 percent. For 2020, the ministry has forecast the manufacturing production index to rise 2 to 3 percent. In 2019, the index fell 3.7 percent. The coronavirus outbreak is expected to have a short-term impact on the country's factory output, mainly on the food industry, due to a drop in tourists.
2020-04-29

Thailand Industrial Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.