Thailand’s industrial production growth eased in January 2026, signaling a loss of momentum in the country’s manufacturing sector at the start of the year. Year-over-year output rose 1.46% in January, down from a 2.52% increase recorded in December 2025.
The data, updated on 26 February 2026, show that while industrial activity continued to expand compared with the same month a year earlier, the pace of growth has moderated. The figures compare the change in January 2026 output against January 2025, while the previous reading measured December 2025 against December 2024.
The slowdown in year-on-year growth may point to softer external demand or a normalization after stronger late-2025 production. Investors and policymakers will be watching upcoming monthly releases to assess whether January’s weaker print marks the start of a trend or a temporary pause in Thailand’s industrial recovery.
