The IHS Markit Thailand Manufacturing PMI edged down to 49.9 in January 2020 from 50.1 in December. Employment fell for the 16th straight month while purchasing activity was broadly unchanged, which contributed to a decline in input inventories for the first time since October. Meantime, both output and new orders rose negligibly while export orders returned to growth after two consecutive months of decline. On the price front, the survey data showed falling price pressures amid stagnant manufacturing conditions. Average selling prices fell for the first time in a year while input costs declined further. Looking ahead, business confidence fell to the lowest level since June 2018, mainly linked to falling profits and a softening economic climate.
Manufacturing Pmi in Thailand averaged 49.99 points from 2016 until 2020, reaching an all time high of 51.10 points in May of 2018 and a record low of 48.20 points in November of 2016. This page provides - Thailand Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Markit Economics
Manufacturing Pmi in Thailand is expected to be 50.50 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 51.10 in 12 months time. In the long-term, the Thailand Manufacturing Pmi is projected to trend around 51.10 points in 2021, according to our econometric models.