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.