The S&P Global Thailand Manufacturing PMI rose to 53.5 in February 2026, accelerating from a five-month low in the previous month. The growth was primarily driven by a strong increase in new orders, as businesses reported winning new customers and generally stronger demand. This, in turn, supported higher output, which expanded at a solid pace, faster than in the previous month. In addition, Thai manufacturers boosted purchasing for a ninth straight month, driven by higher production needs, stronger demand, and stock replenishment. Meanwhile, employment fell for the second time in three months, even as backlogs of work remained elevated. On the price front, input cost inflation declined for the first time in five months, while output prices rose at the fastest pace in over five-and-a-half years. Looking ahead, manufacturers remained optimistic about the year ahead, though expectations have softened from the highs recorded late last year. source: S&P Global

Manufacturing PMI in Thailand increased to 53.50 points in February from 52.70 points in January of 2026. Manufacturing PMI in Thailand averaged 50.36 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 increased to 53.50 points in February from 52.70 points in January of 2026. Manufacturing PMI in Thailand is expected to be 53.80 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 49.60 49.10 points Feb 2026
Capacity Utilization 60.07 57.88 percent Jan 2026
Car Production 118386.00 113855.00 Units Jan 2026
Car Registrations 26518.00 23336.00 Units Mar 2025
Cement Production 2945.60 3096.20 Thousands of Ton Sep 2024
Changes in Inventories 180513.00 -117955.00 THB Million Dec 2025
Coincident Index 107.56 107.91 points Jan 2026
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY 1.46 2.52 percent Jan 2026
Industrial Production Mom 2.33 -1.66 percent Dec 2025
Leading Economic Index 167.46 166.45 points Jan 2026
Private Investment MoM 2.70 3.60 percent Jan 2026
Domestic Car Sales YoY 73951.00 75121.00 Units Jan 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 PMI Expands in February
The S&P Global Thailand Manufacturing PMI rose to 53.5 in February 2026, accelerating from a five-month low in the previous month. The growth was primarily driven by a strong increase in new orders, as businesses reported winning new customers and generally stronger demand. This, in turn, supported higher output, which expanded at a solid pace, faster than in the previous month. In addition, Thai manufacturers boosted purchasing for a ninth straight month, driven by higher production needs, stronger demand, and stock replenishment. Meanwhile, employment fell for the second time in three months, even as backlogs of work remained elevated. On the price front, input cost inflation declined for the first time in five months, while output prices rose at the fastest pace in over five-and-a-half years. Looking ahead, manufacturers remained optimistic about the year ahead, though expectations have softened from the highs recorded late last year.
2026-03-02
Thailand Manufacturing PMI Hits 5-Month Low
The S&P Global Thailand Manufacturing PMI fell to 52.7 in January 2026, from a two-and-a-half-year high of 57.4 in December. It marked the lowest reading since August 2025, highlighting a softer pace of expansion in both output and new business, partly due to a further decline in new export orders amid subdued foreign demand. Despite the easing momentum, Thai manufacturers continued to increase staffing levels to cope with rising workloads. On the price front, average input costs rose for a third consecutive month, driven by higher prices for raw materials and semi-finished goods. In contrast, output charges fell again, at the fastest pace in nearly five and a half years, as intense competition and the need to offer discounts weighed on pricing power. Looking ahead, sentiment among Thai manufacturers remained upbeat in January, with firms expressing optimism that business expansion plans and improving economic conditions will help support sales growth over the year ahead.
2026-02-02
Thailand Manufacturing PMI Hits 2-1/2-Year High
The S&P Global Thailand Manufacturing PMI rose to 57.4 in December 2025 from 56.8 in the prior two months, marking the highest reading since May 2023 and the eighth straight month of growth in factory activity. New orders surged at the fastest pace in a decade, fueled by marketing promotions and stronger domestic demand, driving output sharply higher. Also, purchasing activity accelerated, but inventories fell further amid strong output. External demand remained weak, with export orders contracting for the fifth month. Employment slipped marginally for the first time in nine months, adding to backlogs. On the cost side, input prices rose for a second month as raw material and semi-finished goods prices climbed, reflecting renewed supply-chain pressures after longer lead times. However, firms trimmed output prices to support sales. Finally, sentiment eased yet stayed well above average, underpinned by expansion plans and expectations of stronger economic conditions in 2026.
2026-01-05