FX.co ★ Thailand Industrial Output Shrinks for 1st Time in 5 Months

Thailand’s industrial production unexpectedly declined by 0.36% year-on-year in April 2026, contradicting market expectations of a 0.2% increase and reversing the 0.75% growth recorded in the previous month. This marked the first contraction in industrial output since November, primarily driven by a sharp downturn in automotive manufacturing amid rising oil prices and ongoing disruptions linked to the Middle East conflict.