FX.co ★ Thailand’s Industrial Output Growth Cools Sharply to 2.05% in September

Thailand’s industrial production growth slowed markedly in September 2026, rising 2.05% year-over-year, down from a 4.44% expansion in August 2026. The latest data, updated on 30 October 2026, highlights a clear loss of momentum in the country’s industrial sector compared with the same period a year earlier.

On a year-over-year basis, September’s figure indicates that while Thailand’s industrial activity continues to expand, the pace of growth has nearly halved from the previous month. The August result of 4.44% represented the comparison of industrial output with August of the prior year, while the September reading of 2.05% reflects performance relative to September a year earlier.

The deceleration in growth may raise questions about the sustainability of Thailand’s industrial recovery and could draw attention from policymakers and investors monitoring the strength and resilience of the country’s manufacturing and production base.