The IHS Markit Thailand Manufacturing PMI increased to 49.5 in June 2021 from 47.8 a month earlier. Still, this was the second straight month of contraction in factory activity, amid the third coronavirus wave. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.31 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 July of 2021.

Manufacturing PMI in Thailand is expected to be 53.00 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 51.00 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.

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Thailand Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
49.50 47.80 51.10 36.80 2016 - 2021 points Monthly

News Stream
Thailand Manufacturing Contracts at Softer Rate
The IHS Markit Thailand Manufacturing PMI increased to 49.5 in June 2021 from 47.8 a month earlier. Still, this was the second straight month of contraction in factory activity, amid the third coronavirus wave in the country. Output and new orders both fell for the second month running, albeit at slower rates. Meanwhile, a continued contraction of purchasing and hiring activities was recorded. At the same time, foreign demand continued to increase from the previous month though at a marginally slower rate from May. Elsewhere, the lengthening of delivery times continued, signaling continued supply constraints faced by firms. On the cost front, price pressures continued to build, with input price inflation climbing to a three-month high; while firms continued to share cost burdens with their clients by raising their own charges.
Thailand Factory Activity Contracts Again
The IHS Markit Thailand Manufacturing PMI fell to 47.8 in May 2021 from 50.7 a month earlier. The latest reading marked the fourth monthly contraction in the first five months of the year, as the third wave of COVID-19 hit the economy, with output, new orders, and buying levels all falling. Meantime, foreign demand was sustained for a third straight month, with the pace of expansion accelerating slightly. The level of outstanding work and inventories of finished goods fell further, as pressure on production capacity waned. Firms noted that post-production inventories fell following a reduced need to build stocks. Meanwhile, supply chains remained affected by the pandemic, as suppliers’ delivery times lengthened for a second straight month. Cost inflationary pressures remained subdued, with cost burdens broadly unchanged from the previous survey period. Meanwhile, firms raised their output charges fractionally. Finally, confidence deteriorates further.
Thailand Factory Activity Rebounds
The IHS Markit Thailand Manufacturing PMI rose to 50.7 in April 2021 from 48.8 in the prior month. This was the first growth in the manufacturing sector since December 2020 and among the best reading during the past two years, boosted by the government's ability to control the recent wave of local COVID-19 infections. Production and new business both increased for the first time this year, spurred by a boost to exports. Also, the volume of inputs ordered rose for the first time in four months. This generated additional pressure on supply chains, and suppliers' delivery times lengthened the most in the survey history. Less positively, employment continued to fall, reflecting ongoing pessimism about the next 12 months. Meantime, inflationary pressures remained subdued despite rising demand for raw materials. Input prices rose for the seventh month running, but only marginally. That said, output prices increased for only the second time in 16 months.
Thailand Factory Activity Shrinks at Softer Pace
The IHS Markit Thailand Manufacturing PMI went up to 48.8 in March 2021 from a seven-month low of 47.2 in February 2021. Still, this marked the third straight month of contraction in factory activity, with the latest reading remaining below its long-run trend level of 49.4. New export orders rose for the first time since February 2020; while output, new orders, and purchasing and input inventories all declined for the third month running. At the same time, firms cut workforces further, with backlogs of work broadly unchanged following a steep drop in February. As for prices, average input prices continued to increase, amid global supply shortages. In contrast, manufacturers left their own output prices unchanged since February, reflecting the weak demand environment. Lastly, confidence remained pessimistic, albeit less so than in January and February.

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.