Thailand: Industrial Production Growth

Thailand’s industrial production continued to decrease in January 2020, dropping by 4.59% y/y, compared to a decline of 4.37% y/y in December 2019.

The production output has been following a downward trend throughout 2019 and isn’t showing any signs of recovery.

The data breakdown reveals that motor vehicles and food production are the main drivers of the decline. Both sub-sectors combined account for 30% of the country’s industrial output. The corresponding sub-indices declined by 13.26% y/y and 7.69% y/y, respectively, in January 2020. On the other hand, the computer and electronics segment provided a positive boost, growing by 3.53% y/y.

Detailed data and analysis on Thailand’s Industrial Production Growth can be found in the CEIC Thailand Economy in a Snapshot – Q4 2019.