FX.co ★ Thailand Industrial Output Unexpectedly Rises

Thailand’s industrial production unexpectedly expanded by 0.46% in July 2026, rebounding from a downwardly revised 2.38% contraction in June and defying expectations of a 1% decline. This marked the first increase in four months. The recovery was driven primarily by a pickup in automobile manufacturing: car output rose 6.12% year-on-year in July, after having fallen 7.55% in June. Last month, the Industry Ministry kept its forecast for factory output growth this year unchanged at a range of 1.0% to 2.0%.