Thailand Industrial Production

Thailand’s industrial production edged down 0.08% yoy in October 2025, outperforming forecasts of a 0.6% fall and reversing an upwardly revised 1.19% rise in September. It marked the fifth drop in industrial output so far this year, as ongoing US trade policy continued to pressure Thailand’s industrial and processed agriculture sectors, weighing on industrial confidence. Output declines were seen in apparel production excluding garment stores (-6.09%), petroleum refining (-2.41%), and rubber and plastics (-5.06%). Meanwhile, production growth was recorded in automotive (9.11%), electronic components and boards (12.38%), basic iron and steel (7.74%), computers and peripherals (11.78%), and food (0.80%). For the full year, the Industry Ministry maintains its outlook for a 0.75% contraction in factory output but expects a rebound in 2026, forecasting growth in the range of 1% to 2%. Monthly, industrial output fell 0.23% in October, reversing an upwardly revised 3.54 % gain in September.