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. source: Markit Economics
Manufacturing PMI in Thailand averaged 49.33 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 May of 2021.
Manufacturing PMI in Thailand is expected to be 49.00 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.