Industrial production in Thailand slumped 8.19% year-on-year in December of 2022, surpassing market forecasts of a 6% drop and following an upwardly revised 5.1% fall in November. It was the third consecutive month of decline in industrial output, as decreases were seen in the production of computers & peripherals (-39.36%), apparel except for garment stores (-26.86%), rubber & plastic products (-13.43%), basic iron & steel (-4.67%), food products (-4.41%), and electronic components & boards (-0.39%). Meanwhile, production grew for petroleum and refining products (2.06%) and automotive (2.06%). On a monthly basis, industrial output fell by 1.82%, reversing an upwardly revised 2.1% gain in November. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand averaged 5.95 percent from 1988 until 2022, reaching an all time high of 59.55 percent in November of 2012 and a record low of -32.02 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 February of 2023.
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 6.00 percent in 2024 and 5.00 percent in 2025, according to our econometric models.