The IHS Markit Thailand Manufacturing PMI was up to 49.9 in September 2020 from 49.7 a month earlier, pointing to the highest reading since December 2019. Output rose for the second straight month, and new business increased at the fastest pace in nearly a year. At the same time, backlogs of work accumulated for the first time since January on the back of a further drop in employment. Meantime, purchasing activity was reduced for the seventh month in a row, contributing to a further fall in input inventories. Price pressures remained subdued, with cost burdens were largely unchanged from August after falling in the prior three months. Firms reduced their selling prices further, citing price discounts to boost sales. Lastly, sentiment fell, linked to still-subdued global trade, uncertainty surrounding the pandemic, and damaged corporate finances.

Manufacturing Pmi in Thailand averaged 49.28 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 October of 2020. source: Markit Economics

Manufacturing Pmi in Thailand is expected to be 50.00 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.

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Thailand Manufacturing Pmi

Actual Previous Highest Lowest Dates Unit Frequency
49.90 49.70 51.10 36.80 2016 - 2020 points Monthly


News Stream
Thailand Manufacturing PMI Highest in 9 Months
The IHS Markit Thailand Manufacturing PMI was up to 49.9 in September 2020 from 49.7 a month earlier, pointing to the highest reading since December 2019. Output rose for the second straight month, and new business increased at the fastest pace in nearly a year. At the same time, backlogs of work accumulated for the first time since January on the back of a further drop in employment. Meantime, purchasing activity was reduced for the seventh month in a row, contributing to a further fall in input inventories. Price pressures remained subdued, with cost burdens were largely unchanged from August after falling in the prior three months. Firms reduced their selling prices further, citing price discounts to boost sales. Lastly, sentiment fell, linked to still-subdued global trade, uncertainty surrounding the pandemic, and damaged corporate finances.
2020-10-01
Thailand Manufacturing Moves toward Stabilization
The IHS Markit Thailand Manufacturing PMI rose to 49.7 in August 2020 from 45.9 in the prior month. This was the highest reading since January, with output and new orders both returning to growth. Meanwhile, export sales posted another substantial drop, which reflected a still-subdued global trade environment. Companies also remained wary of investing in new capacity, with employment falling for 23rd month and purchasing activity being reduced. Moreover, unused capacity continued to persist. Delivery times shortened marginally, amid reports of improved transportation capacity. Prices data showed input prices fell further, while output charges dropped for the 8th straight month. Finally, confidence also improved when compared to recent months.
2020-09-01
Thailand Factory Activity Contracts at Softer Rate
The IHS Markit Thailand Manufacturing PMI rose to 45.9 in July 2020 from 43.5 in the prior month. However, the latest reading pointed to the seventh straight month of contraction in the sector, as the economy continued to be adversely affected by the far-reaching impact of the COVID-19 pandemic, which weighed heavily on demand. Both output and new orders fell sharply, but at slower rates. Meantime, new exports saw a further severe decline, amid an uncertain global economic environment, while job losses intensified, and buying levels continued to fall. Prices data showed further deflationary pressure, with output charges falling for a seventh successive month and at a record rate. Input costs also decreased for a second month in a row, albeit marginally. Looking ahead, sentiment y remained deeply pessimistic, highlighting the longer-term effects of the pandemic on economic activity.
2020-08-03
Thailand Manufacturing Contracts for 6th Month
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.
2020-07-01

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.