Industrial Production Index (MPI) for July 2022 grew by 6.4% year-on-year and increased by 0.5% compared to the previous month after seasonal adjustments.
The MPI in July 2022 saw significant growth in key industries, including the automotive industry, petroleum refining products, and concrete products, which grew by 23.4%, 12.7%, and 23.2% year-on-year, respectively. In contrast, key industries that contracted included computers and peripherals, steel and iron, and primary plastics and synthetic rubber, which shrank by -29.4%, -13.3%, and -7.6% year-on-year, respectively (*ranked by their share in MPI).

Domestic steel and steel product sales volume in July 2022 contracted by -10.0% compared to the same period last year and decreased by -8.6% compared to the previous month after seasonal adjustments.
The domestic steel sales volume in July 2022 contracted for the ninth consecutive month, primarily due to a decline in steel sales used in the construction sector, such as cold-rolled structural steel, cold-rolled sheets, and hot-rolled coil steel, which decreased by -33.99%, -30.62%, and -28.59% year-on-year, respectively, due to concerns over inflation impacting construction costs.

New motorcycle registrations in August 2022 grew by 67.0% compared to the same period last year and increased by 8.3% compared to the previous month after seasonal adjustments.
Part of this growth is attributed to a low base from the previous year when COVID-19 was spreading severely, resulting in a high number of infections. August was also the month with the lowest new motorcycle registrations in 2021. Other supporting factors include the easing of the COVID-19 situation, the reopening of the country to tourists, a decrease in domestic fuel prices, continuously improving farmers' incomes, the launch of new motorcycle models, and promotional activities by various motorcycle brands.

Public debt outstanding at the end of July 2022 totaled 10,246,199 million baht, or 60.75% of GDP and compared to the previous month, public debt increased by a net of 41,894 million baht. The status of Thailand's public debt is considered stable, as reflected in the ratio of public debt to GDP remaining below the fiscal discipline framework set at a maximum of 70% of GDP. Most public debt is long-term, with 84.86% of the total public debt being long-term and 98.33% being domestic debt.

The current account balance in July 2022 recorded a deficit of -4,067.58 million USD following a deficit of -1,873.32 million USD in the previous month. In July 2022, the service, income, and transfer balance recorded a deficit of -3,666.86 million USD, which decreased from the previous month, while the trade balance (according to the BOP system) recorded a deficit of -400.72 million USD. For the current account balance in the first seven months of 2022, the total deficit was -14,903.32 million USD.