The IHS Markit Thailand Manufacturing PMI was down to 49.0 in January 2021 from 50.8 a month earlier. The downturn was the worst since last July, and the fall in the headline figure was among the sharpest in the five-year survey history. Both new orders and output both declined for the first time in six months and job shedding continued. Meanwhile, export demand remained weak, reflecting the impact of the COVID-19 pandemic on international trade. At the same time, buying activity fell fior the first time in four months, and employment declined for the twenty-eighth straight month. There was a general lack of pressure on business capacity as backlogs of work remained unchanged. On the price front, input prices rose for the fourth month running, but at a marginal pace. Meanwhile, output prices fell for the first time in three months, linked by firms to lower new orders. Lastly, sentiment turned negative, amid a second wave of local coronavirus outbreak. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.35 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 February of 2021.

Manufacturing PMI in Thailand is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Thailand to stand at 52.00 in 12 months time. In the long-term, the Thailand Manufacturing PMI is projected to trend around 51.00 points in 2022, according to our econometric models.

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Thailand Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.00 50.80 51.10 36.80 2016 - 2021 points Monthly


News Stream
Thailand Manufacturing Sector Deteriorates
The IHS Markit Thailand Manufacturing PMI was down to 49.0 in January 2021 from 50.8 a month earlier. The downturn was the worst since last July, and the fall in the headline figure was among the sharpest in the five-year survey history. Both new orders and output both declined for the first time in six months and job shedding continued. Meanwhile, export demand remained weak, reflecting the impact of the COVID-19 pandemic on international trade. At the same time, buying activity fell fior the first time in four months, and employment declined for the twenty-eighth straight month. There was a general lack of pressure on business capacity as backlogs of work remained unchanged. On the price front, input prices rose for the fourth month running, but at a marginal pace. Meanwhile, output prices fell for the first time in three months, linked by firms to lower new orders. Lastly, sentiment turned negative, amid a second wave of local coronavirus outbreak.
2021-02-01
Thailand Manufacturing Growth Accelerates
The IHS Markit Thailand Manufacturing PMI was up to 50.8 in December 2020 from 50.4 in November, signaling the third straight improvement in business conditions. The latest figure was also the joint-highest in 20 months, as social restrictions to curb the COVID-19 infections eased, with output increasing at the fastest rate since April 2019 and new orders rising for the fifth month running. Meantime, employment fell the least since January, amid little sign of rising pressure on capacity. However, export sales shrank at the strongest rate since July, reflecting weak foreign demand. December data indicated there was evidence of supply chain pressures feeding through to costs, as average purchase prices rose the most since September 2019, while output prices rose for the first time in a year. Looking ahead, confidence improved slightly and was stronger than the long-run survey trend.
2021-01-04
Thailand Factory Growth Continues in November
The IHS Markit Thailand Manufacturing PMI edged down to 50.4 in November 2020 from 50.8. The latest reading indicated a further improvement in the sector, which is on track for its first quarterly growth for the first time in five quarters. Output growth eased, while new orders rose for the fourth straight month, with the rate of growth was modest and similar to that seen in October. Meantime, firms stepped up their buying activity for a second straight month. At the same time, employment fell for the 26th month in a row, amid the absence of capacity pressure. The survey showed that delivery times were broadly unchanged. On the price front, input cost saw little change in November following a mild rise in October. Output prices were unchanged from a month earlier. Looking ahead, confidence improved to the strongest for nine months, amid hopes for an improvement in the Thai economy as well as trade flows.
2020-12-01
Thailand Factory Activity Grows for First Time This Year
The IHS Markit Thailand Manufacturing PMI rose to 50.8 in October 2020 from 49.9 a month earlier, pointing to the first expansion in the sector since December last year, as output and sales rose for the third straight month. Also, buying levels increased for the first time since February, rising at a rate not seen since the end of 2018. Input inventories consequently went up, the first increase so far this year, with the rate of accumulation the fastest since early 2018. However, external demand continued to deteriorate, falling for the eighth straight month. Also, employment declined further, though the rate of decrease was the weakest for eight months. As for prices, input cost rose for the first time in five months, but the rate of inflation was marginal. Meanwhile, output prices were broadly unchanged. Lastly, confidence stayed negative, amid worries about the long-term impact of the coronavirus on the economy and trade.
2020-11-02

Thailand Manufacturing PMI
The IHS Markit 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.