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.


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Thailand Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-8.27 -8.13 59.60 -32.00 1988 - 2019 percent Monthly
2011=100

Calendar GMT Actual Previous Consensus TEForecast
2019-09-24 04:00 AM Aug -4.4% -3.3% -3.6% -1.9%
2019-10-29 02:00 AM Sep -4.7% -4.4% -2.05% -1.5%
2019-11-27 04:00 AM Oct -8.45% -5.06% -4.95% -4.3%
2019-12-25 04:30 AM Nov -8.27% -8.13% -7.1% -5.2%
2020-01-29 04:00 AM Dec -8.27% -3.3%


News Stream
2019-11-27
Thailand Industrial Output Falls the Most in Near 8 Years
Industrial production in Thailand slumped by 8.45 percent year-on-year in October 2019, worse than market expectations of a 4.95 percent fall and after a revised 5.06 percent decline in the previous month. This was the sixth straight month of decrease in industrial output and at the steepest pace since December 2011, amid lower production of cars, petroleum and steel. The government forecasts the index to decrease by 3.8 percent this year. For 2020, manufacturing production index is estimated to grow between 2 to 3 percent.

2019-10-29
Thailand Industrial Output Falls More than Estimated
Industrial production in Thailand declined by 4.7 percent year-on-year in September 2019, compared to market expectations of a 2.05 percent fall and after a 4.4 percent fall in the previous month. This was the fifth straight month of yearly decrease in industrial output, dragged down by lower production of cars, petroleum and rubber. The government forecasts manufacturing production to grow 0.5 percent this year, following a 3.6 percent gain in 2018.

2019-09-24
Thailand Industrial Output Falls More than Estimated
Industrial production in Thailand declined by 4.4 percent year-on-year in August 2019, compared to market expectations of a 3.6 percent fall and following a 3.23 percent drop in a month earlier. This was the fourth straight month of decrease in industrial output as production of cars, petroleum and steel declined. The government lowered 2019 manufacturing output index (MPI) to 0.5 percent from 2 percent previously projected. Last year, the MPI rose an upwardly revised 3.6 percent. Meantime, capacity utilization was at 65.75 percent in August, compared to July's marginally revised 65.26 percent.

2019-08-27
Thailand Industrial Output Falls Slightly More than Expected
Industrial production in Thailand declined by 3.23 percent year-on-year in July 2019, after falling 5.59 percent in the prior month and compared to market expectations of a 3.05 percent decrease. It was the third consecutive fall in industrial output, dragged down by lower production of cars, petroleum and steel. Meanwhile, the government slashed 2019 manufacturing output index (MPI) to 0.5 percent from 2 percent previously projected. Last year, the MPI rose an upwardly revised 3.6 percent. Meantime, capacity utilization was at 65.68 percent in July, down from June's 65.28 percent.

2019-07-30
Thailand Industrial Output Falls the Most in Over 5 Years
Industrial production in Thailand declined by 5.54 percent year-on-year in June 2019, worse than market expectations of a 3.15 percent drop and after a 3.99 percent drop a month earlier. This was the biggest yearly fall in industrial output since March 2014, dragged down by lower production of cars, rubber products and petroleum. For 2019, the government expects manufacturing output to increase by 2 percent, after growing 2.8 percent in 2018. Meantime, capacity utilization was at 65.28 percent in June, down from an upwardly revised 67.83 percent in May.

2019-06-25
Thailand Industrial Output Falls the Most in Near 5 Years
Industrial production in Thailand declined by 3.99 percent year-on-year in May 2019, worse than market expectations of a 0.1 percent drop and and reversing from a 2.03 percent advance in a month earlier. This was the biggest yearly fall in industrial output since August 2014, dragged down by lower production of cars and rubber products. For 2019, the government expects manufacturing output to increase between 2 to 3 percent, after growing 2.8 percent in 2018. Meantime, capacity utilization was at 67.72 percent in May, up noticeably from 63.89 percent in April.


Thailand Industrial Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.

Thailand Business Last Previous Highest Lowest Unit
Business Confidence 45.10 47.40 55.70 34.40 points [+]
Industrial Production -8.27 -8.13 59.60 -32.00 percent [+]
Industrial Production Mom -1.60 0.00 21.90 -24.70 percent [+]
Capacity Utilization 63.17 63.88 70.77 42.11 points [+]
Changes in Inventories -13524.00 13628.00 170441.00 -159831.00 THB Million [+]
Car Registrations 19154.00 30839.00 66668.00 1690.00 [+]
Leading Economic Index 152.04 154.13 154.13 82.25 points [+]
Internet Speed 15999.07 13349.19 15999.07 779.57 KBps [+]
IP Addresses 2822892.00 2718483.00 3513472.00 780307.00 IP [+]
Total Vehicle Sales 89285.00 79299.00 157527.00 5338.00 [+]
Manufacturing Pmi 50.10 49.30 51.10 48.20 points [+]
Private Investment -1.60 1.70 20.20 -17.60 percent [+]
Cement Production 3264.16 3346.06 4210.58 522.00 Thousands of Ton [+]
Car Production 169474.00 166361.00 256581.00 23695.00 [+]
Coincident Index 126.87 127.14 129.45 92.66 points [+]
Competitiveness Index 68.11 67.53 68.11 4.51 Points [+]
Competitiveness Rank 40.00 38.00 40.00 28.00 [+]
Ease of Doing Business 21.00 27.00 46.00 12.00 [+]
Corruption Index 36.00 36.00 38.00 27.90 Points [+]
Corruption Rank 101.00 99.00 102.00 34.00 [+]