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. source: S&P Global

Manufacturing PMI in Thailand decreased to 52.70 points in January from 57.40 points in December of 2025. Manufacturing PMI in Thailand averaged 50.33 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 52.70 points in January from 57.40 points in December of 2025. 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 49.10 49.80 points Jan 2026
Capacity Utilization 55.49 57.81 percent Nov 2025
Car Production 113855.00 130222.00 Units Dec 2025
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 106.06 103.95 points Dec 2025
Corruption Index 33.00 34.00 Points Dec 2025
Corruption Rank 116.00 107.00 Dec 2025
Industrial Production YoY 2.52 -3.85 percent Dec 2025
Industrial Production Mom 2.33 -1.66 percent Dec 2025
Leading Economic Index 166.09 166.10 points Dec 2025
Private Investment MoM 3.60 3.30 percent Dec 2025
Domestic Car Sales YoY 75121.00 51046.00 Units Dec 2025


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 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
Thailand Manufacturing Sector Continues to Expand
The S&P Global Thailand Manufacturing PMI edged up to 56.8 in November 2025 from 56.6 in October, marking the seventh consecutive month of growth and the fastest pace since May 2023. New orders rose at the quickest rate since data collection began in December 2015, contributing to another substantial increase in output. This was despite another drop in new export orders amid weak external conditions. In response to higher inflows of new work, manufacturers expanded staffing and purchasing activity. However, backlogs of work accumulated again, recording the second-sharpest increase on record, ranked just behind October. Business confidence strengthened to its highest level since April 2023 on hopes that business expansion plans and improvements in economic conditions will support higher sales in the year ahead. On the price front, average input costs rose for the first time since June, while output charges remained stable.
2025-12-01