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.

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Thailand Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-27 04:00 AM Nov -5.6% -3.96% -3.7% -4.1%
2023-01-31 04:00 AM Dec -8.19% -5.1% -6% -7%
2023-02-28 04:00 AM Jan -8.19%


Related Last Previous Unit Reference
Industrial Production -8.19 -5.10 percent Dec 2022
Industrial Production Mom 1.55 -4.20 percent Nov 2022
Capacity Utilization 61.64 60.48 points Nov 2022

Thailand Industrial Production
In Thailand, industrial production measures the output of businesses integrated in manufacturing sector of the economy.
Actual Previous Highest Lowest Dates Unit Frequency
-8.19 -5.10 59.55 -32.02 1988 - 2022 percent Monthly
2011=100

News Stream
Thailand Industrial Output Shrinks for Third Month
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.
2023-01-31
Thailand Industrial Output Drops More Than Expected
Industrial production in Thailand dropped by 5.60% year-on-year in November of 2022, well above market expectations of a 3.70% decline and following an upwardly revised 3.96% decrease in October. It was the second consecutive month of contraction, as production dropped in most industrial groups namely; petroleum and refining products (-20.58%), basic iron & steel (-14.27%), food products (-1.62%), rubber & plastic products (-4.97%), apparel except for garment stores (-12.30%) and computers & peripherals (-47.67%). Meanwhile, output growth rose for automotive (12.95%) and electronic components & boards (3.08%). On a monthly basis, industrial output rose by 1.55%.
2022-12-27
Thailand Industrial Output Drops for 1st Time in 4 Months
Industrial production in Thailand unexpectedly contracted 3.71 percent year-on-year in October 2022, missing market consensus of a 1.2 percent growth, reversing from a marginally revised 3.34 percent rise in the previous month. It was the first time decline in industrial production since June, due to weaker exports and refinery maintenance shutdown. For this year, the government expects industrial output to rise between 1.5 to 2.5 percent, a sharp slowdown from a 5.9 percent rise in 2021.
2022-11-30