The S&P Global Thailand Manufacturing PMI was at 50.7 in June 2022, down from 51.9 in May and pointing to the lowest reading since last December. Output rose the least in five months, buying activity growth slipped sharply from the survey peak hit in May, and new export orders expanded marginally. At the same time, new orders shrank the most since May 2021; and employment continued to fall, on cost-saving efforts. Further, the rate of backlog depletion reached its sharpest since May 2021, while the accumulation of finished goods was among the highest on record. Turning to prices, input cost rose further, due to increases in cost of fuel, transport, and raw material. Firms reported making their own price adjustments in line with higher input costs, leading to further steep output price inflation. Finally, confidence strengthened to the second strongest across the series history, with the figure being the highest since January 2016, on hopes for future economic recovery. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.52 points from 2016 until 2022, reaching an all time high of 52.50 points in February of 2022 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 July of 2022.

Manufacturing PMI in Thailand is expected to be 51.00 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 2023, according to our econometric models.

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Thailand Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 50.70 51.90 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
50.70 51.90 52.50 36.80 2016 - 2022 points Monthly

News Stream
Thailand Manufacturing Grows the Least in 6 Months
The S&P Global Thailand Manufacturing PMI was at 50.7 in June 2022, down from 51.9 in May and pointing to the lowest reading since last December. Output rose the least in five months, buying activity growth slipped sharply from the survey peak hit in May, and new export orders expanded marginally. At the same time, new orders shrank the most since May 2021; and employment continued to fall, on cost-saving efforts. Further, the rate of backlog depletion reached its sharpest since May 2021, while the accumulation of finished goods was among the highest on record. Turning to prices, input cost rose further, due to increases in cost of fuel, transport, and raw material. Firms reported making their own price adjustments in line with higher input costs, leading to further steep output price inflation. Finally, confidence strengthened to the second strongest across the series history, with the figure being the highest since January 2016, on hopes for future economic recovery.
2022-07-01
Thailand Manufacturing Grows for 5th Month
The S&P Global Thailand Manufacturing PMI was at 51.9 in May 2020, unchanged from the prior month but pointing to the fifth straight month of expansion. Output growth hit record high though demand fell amid higher prices and competition from foreign manufacturers. As a result, job shedding was renewed, while the increase in cost and a lack in foreign demand led to a fall in work outstanding. Meanwhile, manufacturers increased their quantity of purchases at a survey record rate, contributing to higher stocks of purchases.Vendor performance deteriorated following April's improvement. Regarding inflation, both input cost and output price inflation accelerated to the fastest on record, linked to higher raw material, fuel and delivery costs. Finally, confidence eased but stayed positive.
2022-06-01
Thailand Factory Activity Expands for 4th Month
The S&P Global Thailand Manufacturing PMI edged up to 51.9 in April 2022 from 51.8 in th prior month, pointing to the fourth straight month of growth. Output rose the most in two months, supported by a renewed growth in overall demand. At the same time, workforce numbers increased for the first time since September 2018, amid a drop in backlogged work; while buying levels continue to expand, with some firms reporting raising their quantity of purchases for safety stock building. Meantime, delivery times improved for the first time since December 2021. Foreign demand remained lackluster, however, staying unchanged in April. On prices, both input costs and output prices continued to increase at rates among the fastest in the respective series histories, even though the rates of inflation eased from the March records. As a result, manufacturers continued to share these cost burdens with their clients. Finally, sentiment stayed positive despite the reading easing from March.
2022-05-03