Industrial production in Thailand unexpectedly declined by 2.11 percent year-on-year in May 2022, missing market consensus of a 1.5 percent growth and following a downwardly revised 0.03 percent drop in the prior month. This was the second straight month of fall in industrial output amid COVID-19 disruptions and global supply chain issues, with production mainly falling for cars, hard disk drives, and plastic pellets. For this year, the government expects industrial output to rise between 4 to 5 percent. In 2021, the country's industrial production increased by 5.93 percent, exceeding the government’s target of 5.2 percent. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand averaged 6.05 percent from 1988 until 2022, 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 June of 2022.
Industrial Production in Thailand is expected to be 2.50 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 3.50 percent in 2023, according to our econometric models.