Thailand’s manufacturing production index (MPI) climbed 2.52% year-on-year in December 2025, outperforming expectations for a 0.9% decline. This marked a rebound from November’s contraction and was supported by increased auto production, strong industrial export activity, and government stimulus measures. The surge in vehicle output was a key contributor to the improved industrial performance. Despite this monthly growth, the MPI for the full year 2025 still recorded a modest -0.78% decline, as a strong Thai baht continued to raise export prices and dampen the country’s competitive edge in global markets.
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February 25, 2026
