Industrial production in Thailand unexpectedly declined by 1.08 percent year-on-year in February of 2021, missing market estimates of a 0.1 percent gain and after a downwardly revised 2.0 percent fall in January. This was the third straight month of decline in industrial output, amid the prolonged impact of COVID-19 disruptions, weighed down by lower oil production. In March, the output is expected to rise due to a low base effect, according to the industry ministry. The government forecast the manufacturing production index would increase between 4 to 5 percent this year after contracting 8.8 percent in 2020. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand averaged 6.06 percent from 1988 until 2021, 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 April of 2021.
Industrial Production in Thailand is expected to be 8.50 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 2.50 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.50 percent in 2022, according to our econometric models.