FX.co ★ Thailand Industrial Output Growth Hits 20-Month High

In December 2025, Thailand experienced an unexpected increase in industrial production, rising by 2.52% compared to the same month the previous year. This performance surpassed the anticipated 0.9% decline and rebounded from a downwardly revised 3.54% increase observed in November. This growth, the most robust since April 2024, was primarily driven by a boost in automobile manufacturing, a surge in industrial exports, and supportive government policies. The Federation of Thai Industries reported that the nation's car production, given Thailand’s role as a key automotive hub in the region, saw an 8.6% increase compared to December of the previous year. Despite this strong end to the year, the industrial production index for the entirety of 2025 declined by 0.78%, as the appreciation of the Thai baht negatively impacted the country’s export competitiveness.