The IHS Markit Thailand Manufacturing PMI rose to 43.5 in June 2020 from 41.6 in the prior month. However, the latest reading pointed to the six straight month of contraction in the sector, amid the extended emergency measures and a global trade downturn. Production fell steeply again, in tandem with a sharp decline in new sales, led by a substantial fall in export orders. As a result, firms continued to cut back on purchasing activity and labor capacity, At the same time, backlogs of works decreased for the fifth month in a row, reflecting a further rise in spare capacity. On the price front, input costs were little changed, while prices charged were reduced marginally, amid reports that some firms gave price discounts to clients as part of efforts to boost sales. Looking ahead, sentiment slipped to the second-lowest in the survey history.
Manufacturing Pmi in Thailand averaged 49.33 points from 2016 until 2020, 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 July of 2020. source: Markit Economics
Manufacturing Pmi in Thailand is expected to be 45.00 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 51.50 points in 2021 and 51.10 points in 2022, according to our econometric models.