FX.co ★ Thailand Industrial Output Drops at Softer Pace

In March 2025, Thailand experienced a 0.66% year-on-year decline in industrial production, a slight improvement from February's 3.91% decrease but still below market predictions of a 2.2% decline. This represents the eighth consecutive month of shrinking industrial output, albeit the smallest drop during this period. Significant reductions were noted in petroleum refining production (-5.8%), automotive manufacturing (-3.83%), and basic iron and steel (-1.76%). Conversely, production increased for computers and peripherals (15.93%), clothing and apparel (3.03%), rubber and plastic products (2.18%), electronic components and circuit boards (1.72%), and food products (1.03%). On a monthly scale, March saw a substantial 9.21% increase in industrial output.