Sign up | Log in



Home  >>   Daily News  >>Thailand>>Economy>>Thai factory output falls as external demand worsens in January
NEW UPDATES Asean Affairs   2  March  2016  

Thai factory output falls as external demand worsens in January

THAILAND’S industrial output fell more than expected in January and at the sharpest pace in more than a year, showing the trade-reliant economy continues to struggle amid weak global and domestic demand.

Stubbornly weak exports and domestic spending have been a big drag on Southeast Asia’s second-largest economy. The ruling junta has struggled to revive demand since seizing power in May 2014.

The Industry Ministry said yesterday its manufacturing production index (MPI) in January contracted 3.3 per cent from a year earlier after December’s revised 1.4 per cent gain. A Reuters poll predicted a 0.2 per cent drop.

Falling commodity prices and drought have also hit the farm sector. While government spending and tourism are picking up, some big public infrastructure projects have yet to get started.

“The weak external environment is expected to remain as one of Thailand’s key drags to economic growth,” said Barnabas Gan, an economist at OCBC in Singapore.

“The weak manufacturing print serves to reinforce this expectation, given that industrials react to the lower export prints.”

However, a recent pickup in consumption means Gan expects the Bank of Thailand to keep its interest rates unchanged at its next policy meeting in March.

January’s decline in output was led by lower production of autos, electronics, steel and apparel. Car production slipped 11.7 per cent in January from a year earlier but car exports rose 1.4 per cent.

The auto sector accounts for about 10 per cent of gross domestic product. Thailand is a regional manufacturing and export hub for global automakers and major makers of hard drives.

Factory output has been weak for more than two years. Industrial goods account for nearly 80 per cent of total exports, which tumbled 8.9 per cent in January from a year earlier, the fastest pace of decline in more than four years.

Capacity utilisation in January rose slightly to 63.93 per cent from 62.89 in December.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           March 2, 2016 Subsribe Now !
• CSX signs data-sharing deal with Laos, Vietnam Subcribe: Asean Affairs Global Magazine

• Singapore office vacancies to rise as economy falters
• Eyes on Asian powerhouse as China expands investments in RI
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

 • Thai factory output falls as external demand worsens in January
Financial authority gets bolder on time deposit interest rate cap
Asean Analysis                   February 19, 2016
• Asean Analysis February 19, 2016
A Tumultuous 2016 in the South China Sea

• Asean Analysis February 19, 2016
Promoting inclusive economic integration: Skills mobility within ASEAN
Advertise Your Brand

Asean Stock Watch  March 1, 2016
• Asean Stock Watch-March 1, 2016
The Biweekly Update
• The Biweekly Update February 19, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand