FX.co ★ Thailand Industrial Output Growth Accelerates in April

Thailand's industrial production experienced a notable increase of 2.17% year-over-year in April 2025. This figure represents an improvement from the revised 0.05% growth seen in the previous month, while also surpassing market forecasts of a 3% decline. This performance marked the second month in a row of rising industrial activity, attributed to higher outputs in several sectors: food products surged by 7.99%, clothing and apparel saw a rise of 9.82%, basic iron and steel increased by 8.09%, automotive manufacturing edged up by 1.34%, and electronic components and circuit boards increased slightly by 0.33%. However, the petroleum refining sector experienced a decrease of 3.84%. Seasonally adjusted, the monthly industrial production rose by 2.92% in April, building on a revised increase of 1.74% in March.