Thailand's S&P Global Manufacturing PMI edged down to 52.6 in May 2026 from 52.7 in the previous month, marking its lowest reading since July 2025 while remaining firmly in expansionary territory. Output continued to grow but at its slowest pace in twelve months, as firms reported greater client hesitancy. Moreover, supply chain pressures remained evident in May, with transportation disruptions cited as the primary factor behind longer delivery times for raw materials. In contrast, new orders rose at a faster pace, supported by robust sales pipelines, resilient underlying demand, and the positive impact of successful business development initiatives. On the pricing front, input cost inflation stabilized following April's sharp increase, while output charges rose only modestly as manufacturers continued to pass on higher raw material and freight costs to customers. Finally, business confidence strengthened further, extending its recovery from the 55-month low recorded in March. source: S&P Global

Manufacturing PMI in Thailand decreased to 52.60 points in May from 52.70 points in April of 2026. Manufacturing PMI in Thailand averaged 50.43 points from 2016 until 2026, reaching an all time high of 60.40 points in April of 2023 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.

Manufacturing PMI in Thailand decreased to 52.60 points in May from 52.70 points in April of 2026. Manufacturing PMI in Thailand is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Manufacturing PMI is projected to trend around 53.00 points in 2027 and 51.00 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Business Confidence 42.50 43.50 points May 2026
Capacity Utilization 56.41 64.66 percent Apr 2026
Vehicle Production 103794.00 133413.00 Units Apr 2026
Passenger Car Sales 18233.00 22526.00 Units Apr 2026
Changes in Inventories 21563.00 43023.00 THB Million Mar 2026
Coincident Index 106.50 107.00 points Apr 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY -0.36 1.30 percent Apr 2026
Industrial Production Mom -0.03 2.31 percent Apr 2026
Leading Economic Index 161.69 162.58 points Apr 2026
Private Investment MoM -5.00 -3.50 percent Apr 2026
Domestic Car Sales 48392.00 59865.00 Units Apr 2026


Thailand Manufacturing PMI
The S&P Global Thailand Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Thailand Manufacturing Sector at 10-Month Low
Thailand's S&P Global Manufacturing PMI edged down to 52.6 in May 2026 from 52.7 in the previous month, marking its lowest reading since July 2025 while remaining firmly in expansionary territory. Output continued to grow but at its slowest pace in twelve months, as firms reported greater client hesitancy. Moreover, supply chain pressures remained evident in May, with transportation disruptions cited as the primary factor behind longer delivery times for raw materials. In contrast, new orders rose at a faster pace, supported by robust sales pipelines, resilient underlying demand, and the positive impact of successful business development initiatives. On the pricing front, input cost inflation stabilized following April's sharp increase, while output charges rose only modestly as manufacturers continued to pass on higher raw material and freight costs to customers. Finally, business confidence strengthened further, extending its recovery from the 55-month low recorded in March.
2026-06-02
Thailand Manufacturing PMI Slips to 3-Month Low
Thailand’s S&P Global Manufacturing PMI fell to 52.7 in April 2026 from 54.1 in the previous month, marking the lowest reading since January but still marking a 12th straight month of expansion in factory activity. Both output and new orders grew at a slower pace, reflecting pressure on purchasing power. Also, buying levels moderated as firms cautiously supported production. Employment was broadly steady after slight declines in the prior two months, even as backlogs rose more sharply. Supply chains showed strain amid geopolitical tensions. On prices, input costs climbed at the fastest rate since September 2022, driven by surging oil, fuel, transport, and raw material prices linked to the Middle East conflict. Firms raised selling prices for the first time in eight months, with output price inflation hitting its strongest since January 2024. Finally, business confidence improved slightly but remained subdued, weighed down by rising costs and demand risks.
2026-05-05
Thailand Manufacturing PMI Hits 3-Month High
The S&P Global Thailand Manufacturing PMI rose to 54.1 in March 2026 from 53.5 in February, signaling the strongest improvement in operating conditions since December. Growth was driven by a faster expansion in new orders, supported by larger client demand and new business wins, which in turn lifted output at a solid pace. However, demand continued to exceed production capacity, leading to a further buildup in backlogs of work. Firms responded by increasing purchasing activity, while input inventories rose slightly despite longer supplier delivery times, indicating some supply constraints. Employment declined marginally for a second straight month, suggesting cautious hiring. On the price front, input costs were broadly stable, while output prices were reduced slightly for the fourth consecutive month. Looking ahead, business confidence weakened sharply, with future output expectations falling to their lowest level in nearly four-and-a-half years amid concerns over the Middle East war.
2026-04-01