Industrial production in Thailand Went up by 0.98 percent year-on-year in November 2018, below market consensus of a 1.5 percent gain and after a 4.08 percent rise in the previous month. The growth was driven by higher production of cars, petroleum, and sugar. Meantime, capacity utilization at factories increased to 69.37 percent from a 67.75 percent in October. Industrial Production in Thailand averaged 6.88 percent from 1988 until 2018, 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 2.90 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 3.20 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.10 percent in 2020, according to our econometric models.