📊Executive Summary

Thailand's manufacturing sector is experiencing a prolonged slump, with industrial production contracting due to both temporary disruptions and deeper structural weaknesses. The Bank of Thailand (BoT) highlighted that factors such as planned factory maintenance and flooding have contributed to a 3.7% decline in the manufacturing production index (MPI) in November 2025. Key sectors affected include automotive and electrical appliances, with the BoT emphasizing the need for structural reforms to improve competitiveness. Despite these challenges, there are signs of recovery in the services sector, particularly tourism, which may provide some support to the economy in the coming months....