30.04.202604:00:00UTC+00Thailand’s Industrial Output Returns to Growth in March, Signaling Tentative Recovery

Thailand’s industrial production moved back into positive territory in March 2026, offering an early sign of stabilization in the country’s manufacturing sector. Year-over-year industrial output rose 0.75% in March, compared with a slight contraction of 0.04% in February 2026, according to data updated on 30 April 2026.

The figures are calculated on a year-over-year basis, meaning the March reading compares industrial activity to March a year earlier, while the February figure reflects a comparison with February a year earlier. The swing from near-flat growth to a modest expansion suggests underlying demand may be firming after a period of stagnation, although the pace of improvement remains measured.

While the rebound is still modest in scale, the shift into positive growth will likely be watched closely by investors and policymakers as an indicator of momentum in Thailand’s broader economic outlook, particularly in export-oriented and manufacturing-intensive sectors.