Industrial production in Thailand declined by 9.34 percent year-on-year in August of 2020, compared with market forecasts of a 12.55 percent slump and after a downwardly revised 12.93% plunge. This was the 16th straight month of fall in industrial output and the softest in six months, led by lower production of cars and hard disk drives, amid the prolonged impact caused by the coronavirus outbreak. Meantime, capacity utilization in August was 60.69 percent after July’s revised 57.58 percent.

Industrial Production in Thailand averaged 6.17 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 October of 2020. source: Office of Industrial Economics, Thailand

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 8.50 in 12 months time. In the long-term, the Thailand Industrial Production is projected to trend around 5.50 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Thailand Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-9.34 -12.93 59.60 -32.00 1988 - 2020 percent Monthly
2011=100


Calendar GMT Actual Previous Consensus TEForecast
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 -14.69% -17.8% -13.9% -15%
2020-09-30 04:00 AM Aug -9.34% -12.93% -12.55% -13%
2020-10-28 04:00 AM Sep -9.34% -8.5%
2020-11-25 04:00 AM Oct
2020-12-30 04:00 AM Nov


News Stream
Thailand Industrial Output Drops the Least in 6 Months
Industrial production in Thailand declined by 9.34 percent year-on-year in August of 2020, compared with market forecasts of a 12.55 percent slump and after a downwardly revised 12.93% plunge. This was the 16th straight month of fall in industrial output and the softest in six months, led by lower production of cars and hard disk drives, amid the prolonged impact caused by the coronavirus outbreak. Meantime, capacity utilization in August was 60.69 percent after July’s revised 57.58 percent.
2020-09-30
Thailand Industrial Output Falls for 15th Month
Industrial production in Thailand declined by 14.69 percent year-on-year in July of 2020, compared with market forecasts of a 13.9 percent fall and after a revised 17.8 percent plunge a month earlier. This was the 15th straight month of fall in industrial output but the weakest since March, amid the prolonged impact caused by the coronavirus outbreak, with production falling the most for cars, and petroleum. Meantime, capacity utilization rose to 56.01 percent in July from June's revised 55.07 percent.
2020-08-26
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 Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.