The IHS Markit Thailand Manufacturing PMI was up to 49.9 in September 2020 from 49.7 a month earlier, pointing to the highest reading since December 2019. Output rose for the second straight month, and new business increased at the fastest pace in nearly a year. At the same time, backlogs of work accumulated for the first time since January on the back of a further drop in employment. Meantime, purchasing activity was reduced for the seventh month in a row, contributing to a further fall in input inventories. Price pressures remained subdued, with cost burdens were largely unchanged from August after falling in the prior three months. Firms reduced their selling prices further, citing price discounts to boost sales. Lastly, sentiment fell, linked to still-subdued global trade, uncertainty surrounding the pandemic, and damaged corporate finances. source: Markit Economics
Manufacturing Pmi in Thailand averaged 49.28 points from 2016 until 2020, reaching an all time high of 51.10 points in May of 2018 and a record low of 36.80 points in April of 2020. This page provides - Thailand Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Manufacturing Pmi - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Manufacturing Pmi in Thailand is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing Pmi in Thailand to stand at 52.00 in 12 months time. In the long-term, the Thailand Manufacturing Pmi is projected to trend around 51.50 points in 2021 and 51.10 points in 2022, according to our econometric models.