Thailand’s industrial production rose 1.46% year-on-year in January 2026, surpassing the expected 0.9% gain and following a 2.52% increase in December. This marked the second consecutive month of growth, driven by ongoing expansion in automotive output and heightened activity ahead of the February general election. Automotive production climbed 6.3% annually, supported by domestic demand for hybrid EVs and BEVs, while electronics output, including printed circuit boards and integrated circuits, surged 18.2% on strong global demand. Palm oil production also jumped 67.3% due to higher yields boosting market supply.Meanwhile, the industrial sector faced headwinds from a decline in inbound tourism and a stronger baht, which weighed on the competitiveness of Thai products. Looking ahead, factory activity is expected to expand 1.5–2.5% in 2026, supported by steady trade with key partners, government stimulus measures, and a shift toward looser monetary policy. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand increased 1.46 percent in January of 2026 over the same month in the previous year. Industrial Production in Thailand averaged 5.35 percent from 1988 until 2026, 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 March of 2026.

Industrial Production in Thailand increased 1.46 percent in January of 2026 over the same month in the previous year. Industrial Production in Thailand is expected to be 2.40 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 2.50 percent in 2027 and 2.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 05:00 AM
Industrial Production YoY
Dec 2.52% -3.85% -0.9% -0.8%
2026-02-27 01:00 AM
Industrial Production YoY
Jan 1.46% 2.52% 0.9% 3.0%
2026-03-27 04:00 AM
Industrial Production YoY
Feb 1.46% 1.7%


Related Last Previous Unit Reference
Business Confidence 49.60 49.10 points Feb 2026
Capacity Utilization 60.07 57.88 percent Jan 2026
Car Production 118386.00 113855.00 Units Jan 2026
Car Registrations 26518.00 23336.00 Units Mar 2025
Cement Production 2945.60 3096.20 Thousands of Ton Sep 2024
Changes in Inventories 180513.00 -117955.00 THB Million Dec 2025
Coincident Index 107.56 107.91 points Jan 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY 1.46 2.52 percent Jan 2026
Industrial Production Mom 2.33 -1.66 percent Dec 2025
Leading Economic Index 167.46 166.45 points Jan 2026
Private Investment MoM 2.70 3.60 percent Jan 2026
Domestic Car Sales YoY 73951.00 75121.00 Units Jan 2026


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
1.46 2.52 59.55 -32.02 1988 - 2026 percent Monthly
2011=100

News Stream
Thailand Industrial Output Rises More Than Expected
Thailand’s industrial production rose 1.46% year-on-year in January 2026, surpassing the expected 0.9% gain and following a 2.52% increase in December. This marked the second consecutive month of growth, driven by ongoing expansion in automotive output and heightened activity ahead of the February general election. Automotive production climbed 6.3% annually, supported by domestic demand for hybrid EVs and BEVs, while electronics output, including printed circuit boards and integrated circuits, surged 18.2% on strong global demand. Palm oil production also jumped 67.3% due to higher yields boosting market supply.Meanwhile, the industrial sector faced headwinds from a decline in inbound tourism and a stronger baht, which weighed on the competitiveness of Thai products. Looking ahead, factory activity is expected to expand 1.5–2.5% in 2026, supported by steady trade with key partners, government stimulus measures, and a shift toward looser monetary policy.
2026-02-27
Thailand Industrial Output Growth Hits 20-Month High
Thailand’s industrial production unexpectedly grew 2.52% year-on-year in December 2025, outperforming forecasts of a 0.9% drop and recovering from a downwardly revised 3.85% fall in November. It marked the strongest growth in industrial production since April 2024, boosted by auto production, industrial export growth, and government measures. Output expansions were seen in basic iron and steel (15.54%), electronic components and boards (10.52%), automotive (5.02%), food (2.20%), computers and peripherals (0.75%), and petroleum refining (0.55%). Meanwhile, production contractions were recorded in apparel production excluding garment stores (-7.81%), and rubber & plastics (-0.95%). However, for the full year of 2025, the index fell 0.78% as the strong baht eroded Thailand’s export competitiveness. On a monthly basis, industrial output rose 2.33% in December, after a downwardly revised 1.66% drop in November.
2026-01-29
Thailand Industrial Output Unexpectedly Drops
Thailand’s industrial production dropped by 4.24% year-on-year in November 2025, missing market forecasts of a 0.8% increase and slipping further from a 0.08% fall in October. Main downward pressure came from a weaker petroleum output, while a sharply stronger baht weighed on export competitiveness by pushing up prices abroad. The currency has risen about 10% against the US dollar this year, adding pressure on manufacturers. Output was also disrupted by flooding in southern regions and softer tourism activity. These headwinds were partly offset by solid export demand, stronger auto production, and government support measures. Notably, vehicle output rose around 11% from a year earlier, keeping Thailand on track to meet its full-year production target. Despite the November setback, authorities left their outlook unchanged, expecting factory output to decline modestly in 2025 before returning to growth in 2026.
2025-12-29