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.


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Thailand Manufacturing Pmi

Actual Previous Highest Lowest Dates Unit Frequency
49.90 50.10 51.10 48.20 2016 - 2020 points Monthly


News Stream
Thailand Factory Activity Stagnates in January
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.
2020-02-03
Thailand Manufacturing Conditions Broadly Unchanged
The IHS Markit Thailand Manufacturing PMI increased to 50.1 in December 2019 from 49.3 in the prior month, indicating a broadly stagnant manufacturing sector performance on the month. New order inflows returned to growth, but the rate of expansion was insufficient to lift the level of backlogs while evidence of spare capacity dampened hiring. Firms not only reduced employment but also cut back further on purchasing activity, Meantime, output volumes were virtually unchanged. On the price front, the survey data brought signs of falling price pressures. Average selling prices rose at the slowest pace for nearly a year while input costs fell for the first time since February. Lastly, sentiment fell to its lowest since September 2018, though mildly positive.
2020-01-02
Thailand Manufacturing Shrinks for First Time in 9 Months
The IHS Markit Thailand Manufacturing PMI was down to 49.3 in November 2019 from 50.0 in the prior month. This was the first contraction in factory activity since February, with both output and new orders falling the most in over a year. Also, overseas sales shrank for the first time in three months on the back of a strong baht, while firms further reduced employment and scale back purchasing activity. In terms of inflation, price pressures remained muted in. Average selling prices rose at the slowest pace for six months, in tandem with another marginal increase in input costs. Looking ahead, confidence reached its lowest since September 2018.
2019-12-02
Thailand Factory Activity Stagnates in October
The IHS Markit Thailand Manufacturing PMI was at 50.0 in October 2019, down from the previous month's three-month high of 50.6. Growth in both production and new orders eased, while employment fell further, with backlogs of work were unchanged following a five-month period of accumulation. At the same time, firms cut back on purchasing activity for the first time in eight months and tapped into current inventories to meet demand, as reflected by falls in stocks of both input and finished goods. Meanwhile, inflationary pressures moderated, with input costs and output charges increasing marginally. Lastly, sentiment dropped to the lowest in over a year.
2019-11-01

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.