Industrial production in Thailand dropped by 8.27 percent year-on-year in November 2019, compared to market estimates of a 7.1 percent fall and after a revised 8.13 percent decline in the previous month. This was the seventh straight month of decrease in industrial output, dragged by lower production of cars and car engines, petroleum, rubber products and steel. The ministry has forecast the manufacturing production index will drop 3.8 percent this year before rising 2-3 percent next year.
Industrial Production in Thailand averaged 6.59 percent from 1988 until 2019, 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. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand is expected to be -3.40 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 2.00 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 3.20 percent in 2020, according to our econometric models.