Thailand Manufacturing Pmi2016-2020 Data | 2021-2022 Forecast | Calendar

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.

The IHS Markit Thailand Manufacturing PMI rose to 41.6 in May 2020 from a record low of 36.8 in a month earlier. However, the latest reading was the second-lowest since the survey started 4-1/2 years ago, amid measures to contain the COVID-19 pandemic. Output and new orders declined further but slightly softer, linked to a record fall in exports and widespread business closures. While the rate of job shedding slowed from April's record, it was the second-fastest in the series history. Firms also cut back on purchasing activity in the face of falling sales and reduced operational requirements. On the inflation front, price levels were broadly stable, with little change to both input costs and selling prices when compared to the previous month. Finally, business expectations remained deep inside the negative territory, amid concerns over the longer-term impact of the pandemic.

The IHS Markit Thailand Manufacturing PMI plunged to 36.8 in April 2020, its lowest since the survey started nearly four-and-a-half years ago, indicating a severe deterioration in the performance of the sector amid the coronavirus pandemic. Output, new orders, employment and backlogs of work all tumbled at record rates. In addition, buying level fell the most since December 2015, contributing to the steepest fall in input inventories in the survey history. Meantime, supply chains improved further as lower appetite for inputs enabled timely deliveries. On the price front, input costs dropped the most in 1-1/2 years while selling prices fell at the fastest rate since February 2016. Finally, business sentiment deteriorated to its lowest on record, reflecting fears over the impact of the virus crisis and uncertainty over the timing of a recovery.

The IHS Markit Thailand Manufacturing PMI dropped to 46.7 in March 2020 from 49.5 in a month earlier. This was the weakest reading on record, as new orders fell at the fastest rate since the survey began over four years ago, reflecting also a record decline in exports. Meantime, output shrank at a rate not seen since the work suspensions in November 2016 due to the Thai King's passing. Also, employment fell at a survey-record rate. In terms of cost, input prices rose for the first time in four months, while factory gate prices fell further. Supply chains, meanwhile, improved as reduced demand for inputs offset the effects of some supply shortages, contributing to a shortening of the time taken to deliver materials to factories. Lastly, sentiment turned negative for the first time since mid-2018, amid the adverse impact of COVID-19 containment measures on the economy and the uncertainty over the duration of these measures.