Latest reading: Industrial production—excluding energy—fell 5.7% on a calendar and seasonally adjusted month-on-month basis in October, following 4.3% growth in...
Manufacturing Production in Thailand
The economy recorded average manufacturing growth of -0.5% in the decade to 2024. In 2024, manufacturing growth was -1.3%, down from the -3.6% reading of the 2023.
Thailand Manufacturing Chart
Note: This chart displays Manufacturing Production (ann. var. %) for Thailand from 2014 to 2025.
Source: Macrobond.
Thailand Manufacturing Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Manufacturing Production (ann. var. %) | -9.5 | 8.3 | 1.5 | -3.6 | -1.3 |
Manufacturing production falls in October
Latest reading: Manufacturing production fell 0.1% on a year-on-year basis in October, following a 1.2% increase in the prior month. Relative to the prior month's figures, readings in October worsened for chemical products (-3.0% in annual terms vs +1.6% in September) and refined petroleum products (-2.4% vs +4.6% in September). In contrast, readings picked up for food products (+0.8% vs -2.2% in September), automotive vehicles (+8.6% vs +6.0% in September) and computer and electronic products (+12.2% vs +5.6% in September). In seasonally adjusted month-on-month terms, manufacturing output fell 0.2% in October, following a 3.5% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai manufacturing projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for Thai manufacturing.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai manufacturing projections.
Want to get access to the full dataset of Thai manufacturing forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Sweden: Industrial production shrinks in October -
France: Industrial production decelerates in October Latest reading: Industrial production—excluding construction—increased 0.2% in a calendar- and seasonally adjusted month-on-month terms in October, following a 0.7% rise... -
Argentina: Industrial production shrinks more quickly in October Latest reading: Industrial production declined 2.9% in annual terms in October, following a 0.5% decline in the prior month. Relative... -
Turkey: Industrial production falls at a softer clip in October Latest reading: Industrial production declined 0.8% in seasonally adjusted month-on-month terms in October, following a 2.1% fall in the previous... -
Ireland: Industrial production rebounds in October Latest reading: Industrial production increased 4.0% on a seasonally adjusted month-on-month basis in October, following a 8.6% drop in the... -
Denmark: Manufacturing production shrinks in October Latest reading: Manufacturing production fell 3.5% in seasonally adjusted month-on-month terms in October, following an 8.6% rise in the prior... -
Estonia: Industrial production falls in October Latest reading: Industrial production fell 1.1% on a working day and seasonally adjusted year-on-year basis in October, following a 0.7%...