Thailand’s industrial production dropped 0.80% year-on-year in May 2026, worse than market expectations of a 0.48% decline. It marked the second consecutive month of contraction in industrial production, following an upwardly revised 0.94% fall in April, which was the steepest decline since last November, amid higher oil prices, rising transport costs, and shortages of some raw materials due to disruptions caused by the Middle East conflict. The decline was mainly driven by lower automotive production and elevated inflation. Monday's data showed that car production plunged 17.94% from a year earlier in May. Last month, Thailand's industry expected factory output to increase by 1.0% to 2.0% for the full year, down from the earlier forecast range of 1.5% to 2.5%. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand decreased 0.80 percent in May of 2026 over the same month in the previous year. Industrial Production in Thailand averaged 5.30 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 July of 2026.

Industrial Production in Thailand decreased 0.80 percent in May of 2026 over the same month in the previous year. Industrial Production in Thailand is expected to be 1.90 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
2026-05-28 04:00 AM
Industrial Production YoY
Apr -0.36% 1.3% 0.2% -0.3%
2026-06-30 04:00 AM
Industrial Production YoY
May -0.8% -0.94% -0.48% -0.4%
2026-07-30 04:00 AM
Industrial Production YoY
Jun -0.8% 1.9%


Related Last Previous Unit Reference
Business Confidence 46.10 42.50 points Jun 2026
Capacity Utilization 59.64 55.20 percent May 2026
Vehicle Production 114214.00 103794.00 Units May 2026
Passenger Car Sales 19389.00 18233.00 Units May 2026
Changes in Inventories 21563.00 43023.00 THB Million Mar 2026
Coincident Index 106.90 106.50 points May 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY -0.80 -0.94 percent May 2026
Industrial Production Mom -0.31 -0.03 percent May 2026
Leading Economic Index 163.78 161.47 points May 2026
Private Investment MoM 1.20 -5.00 percent May 2026
Domestic Car Sales 57765.00 48392.00 Units May 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
-0.80 -0.94 59.55 -32.02 1988 - 2026 percent Monthly
2011=100

News Stream
Thailand Industrial Output Falls More Than Expected
Thailand’s industrial production dropped 0.80% year-on-year in May 2026, worse than market expectations of a 0.48% decline. It marked the second consecutive month of contraction in industrial production, following an upwardly revised 0.94% fall in April, which was the steepest decline since last November, amid higher oil prices, rising transport costs, and shortages of some raw materials due to disruptions caused by the Middle East conflict. The decline was mainly driven by lower automotive production and elevated inflation. Monday's data showed that car production plunged 17.94% from a year earlier in May. Last month, Thailand's industry expected factory output to increase by 1.0% to 2.0% for the full year, down from the earlier forecast range of 1.5% to 2.5%.
2026-06-30
Thailand Industrial Output Shrinks for 1st Time in 5 Months
Thailand’s industrial production unexpectedly fell 0.36% year-on-year in April 2026, defying market expectations of a 0.2% rise and reversing an upwardly revised 1 .3% increase in the previous month. It was the first decline in industrial production since last November, mainly weighed down by a drop in automotive manufacturing, amid higher oil prices and disruptions caused by the ongoing Middle East conflict. Thailand’s industry ministry said that the war in the Middle East and higher costs pressured industry profits. Tourism, a key economic driver, also weakened, impacting related industries. Monday’s data showed car production dropped 0.44% from a year earlier to a near six-year low of 103,794 units, primarily due to disruptions in export markets stemming from the ongoing war in the Middle East. However, the outlook for May should improve on a month-on-month basis. Thai factory output for the full year was seen up 1.0% to 2.0%, lower than the 1.5% to 2.5% range seen earlier.
2026-05-28
Thailand Industrial Output Edges Up in March
Thailand’s industrial production rose 0.75% year-on-year in March 2026, edging higher from a revised 0.09% increase in the previous month and beating expectations for a 1.0% decline. The improvement was driven by stronger petroleum and automotive output alongside resilient exports. Growth was also supported by a smooth government formation, which helped sustain policy continuity and ongoing project execution. However, gains were tempered by persistent external headwinds, including geopolitical tensions and trade protectionism weighing on global demand and trading partner confidence. Rising energy and freight costs linked to Middle East tensions continued to pressure production expenses, while stronger import competition added strain on domestic manufacturers. The central bank’s steady rate stance and cautious outlook further underscored a still-fragile external environment despite the upside surprise.
2026-04-30