Industrial production in Thailand surged by 25.84 percent year-on-year in May of 2021, above market estimates of a 19.55 percent growth and after a downwardly revised 17.97 percent gain in April. This was the third straight month of increase in industrial output and the strongest pace since November 2012, amid a low base effect in 2020 due to the ongoing COVID-19 pandemic. The manufacturing production gain was boosted by higher production of automobiles, air conditioners, and electronics. source: Office of Industrial Economics, Thailand
Industrial Production in Thailand averaged 6.14 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 July 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.