Thailand’s industrial production expanded 4.44% year-on-year in August 2026, surpassing expectations for a 1% rise, accelerating from an upwardly revised 3.97% growth in July and marking the second straight month of increase. The increase was boosted by higher electronic output, government stimulus, and a weaker baht. Communication equipment surged 24.41% year-on-year, driven by global AI investment and data center infrastructure. Supakit Boonsiri, head of the Ministry’s Office of Industrial Economics, said the ministry had revised its Manufacturing Production Index (MPI) methodology, adding new electronics products and changing the weightings to reflect the country’s new economic structure. Thailand’s Industry Ministry revised its forecast for factory output growth to a range of 2.75% to 3.55% in 2026, up from the previous 0.0%–0.5%, and industrial GDP growth to 0.8%–1.8%, up from the previous 0.75%–1.75%. source: Office of Industrial Economics, Thailand

Industrial Production in Thailand increased 4.44 percent in August of 2026 over the same month in the previous year. Industrial Production in Thailand averaged 5.28 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 October of 2026.

Industrial Production in Thailand increased 4.44 percent in August of 2026 over the same month in the previous year. Industrial Production in Thailand is expected to be 2.00 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
2026-08-27 07:00 AM
Industrial Production YoY
Jul 0.46% -2.38% -1% -0.3%
2026-09-30 04:00 AM
Industrial Production YoY
Aug 4.44% 3.97% 1% 0.8%
2026-10-30 04:00 AM
Industrial Production YoY
Sep 4.44% 2%


Related Last Previous Unit Reference
Business Confidence 48.10 49.80 points Sep 2026
Capacity Utilization 58.28 57.55 percent Aug 2026
Vehicle Production 124646.00 117383.00 Units Aug 2026
Passenger Car Sales 23003.00 22875.00 Units Jul 2026
Changes in Inventories 90094.00 25027.00 THB Million Jun 2026
Coincident Index 107.60 107.50 points Aug 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY 4.44 3.97 percent Aug 2026
Industrial Production Mom 0.51 0.78 percent Aug 2026
Leading Economic Index 167.44 169.91 points Aug 2026
Private Investment MoM 2.20 -0.30 percent Aug 2026
Domestic Car Sales 59808.00 59198.00 Units Aug 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
4.44 3.97 59.55 -32.02 1988 - 2026 percent Monthly
2011=100

News Stream
Thailand Industrial Output Growth Beats Forecasts
Thailand’s industrial production expanded 4.44% year-on-year in August 2026, surpassing expectations for a 1% rise, accelerating from an upwardly revised 3.97% growth in July and marking the second straight month of increase. The increase was boosted by higher electronic output, government stimulus, and a weaker baht. Communication equipment surged 24.41% year-on-year, driven by global AI investment and data center infrastructure. Supakit Boonsiri, head of the Ministry’s Office of Industrial Economics, said the ministry had revised its Manufacturing Production Index (MPI) methodology, adding new electronics products and changing the weightings to reflect the country’s new economic structure. Thailand’s Industry Ministry revised its forecast for factory output growth to a range of 2.75% to 3.55% in 2026, up from the previous 0.0%–0.5%, and industrial GDP growth to 0.8%–1.8%, up from the previous 0.75%–1.75%.
2026-09-30
Thailand Industrial Output Unexpectedly Rises
Thailand’s industrial production unexpectedly grew 0.46% yoy in July 2026, recovering from a downwardly revised 2.38% decline in June, beating expectations for a 1% fall and marking the first increase in four months. The rebound was mainly driven by industries aligned with technological trends, particularly the electronics sector, which expanded alongside the growth of AI and digital infrastructure, with computer and peripheral production surging 28.23%. Meanwhile, petroleum refining products rose 9.12%, and sugar jumped 28.30%. However, the conflict in the Middle East remains a factor requiring close monitoring, as it contributes to energy price volatility and raises production and logistics costs for the industrial sector. Furthermore, a slowdown in foreign tourism could affect related sectors, such as the food and beverage industry. Thailand’s Industry Ministry revised its forecast for factory output growth to a range of 0.0% to 0.5% for 2026, from 1.0% to 2.0% previously.
2026-08-27
Thailand Industrial Output Shrinks the Most in 7 Months
Thailand’s industrial production fell 3.10% year-on-year in June 2026, following an upwardly revised 1.30% decline in May, marking the third consecutive month of contraction. It was the steepest decline since last November, amid higher oil prices and rising freight costs due to disruptions caused by the Middle East conflict. The decline was mainly driven by weaker production of automobiles (-12.59%), petroleum products (-7.97%), and apparel (-8.99%). Latest data showed that car production fell 7.55% from a year earlier in June. Meanwhile, palm oil production also slumped 33.2% year-on-year. However, continued growth in demand for electronics and technology-related products helped limit the decline, with production of computers and peripherals rising 2.5%. For the first half of the year, industrial production fell 0.4% from a year earlier. Thailand's Industry Ministry maintained its forecast for factory output growth of 1.0% to 2.0% this year. Monthly, industrial output fell 2.37%.
2026-07-27