The IHS Markit Thailand Manufacturing PMI rose to a three-month high of 48.9 in September 2021 from 48.3 in August, pointing to the fifth straight month of contraction in the sector, with output rising for the first time in five months. Demand remained subdued, amid continued COVID-19 disruptions, with new orders indicating a fifth straight month of contraction while foreign demand also falling. Also,job shedding occurred at the fastest rate in nearly 1-1/2 years, due to redundancies and resignations. Meantime, pre-production and post-production stocks declined at faster speeds as manufacturers were reluctant to stockpile amid soft demand conditions. Prices data showed input cost and output price inflation both surged to the highest on record, on higher raw material and transport costs. Longer lead times were also seen, although the deterioration was marginal. Going forward, sentiment strengthened to its highest since June 2019, amid hopes that economic conditions will improve. source: Markit Economics
Manufacturing PMI in Thailand averaged 49.27 points from 2016 until 2021, 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 2021.
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 51.00 points in 2022, according to our econometric models.