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. Meanwhile, 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. source: Markit Economics
Manufacturing PMI in Thailand averaged 49.51 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 June 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.