The S&P Global Thailand Manufacturing PMI rose to a fresh record high of 55.7 in September 2022 from 53.7 in August, posting the ninth straight month of growth in factory activity with record growth rates in both output and new orders driving the upturn, amid a record pace of buying levels and a renewed uptick in new exports. September data signaled a fifth straight round of job shedding while backlogs of work fell for the ninth month running and at the second-fastest pace on record. Lead times continued to lengthen, though the extent to which they increased was the least in four months. On inflation, cost pressures stayed severe but eased from August's peaks. Rising prices for gas and freight were linked to input cost inflation. Firms said that higher selling prices were reflective of the increasing production costs. Lastly, sentiment stayed optimistic, with the degree of confidence the second-strongest on record amid hopes for economic improvements and expansion plans. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.70 points from 2016 until 2022, reaching an all time high of 55.70 points in September of 2022 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 October of 2022.

Manufacturing PMI in Thailand is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Manufacturing PMI is projected to trend around 51.00 points in 2023, according to our econometric models.

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Thailand Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 55.70 53.70 points Sep 2022

Thailand Manufacturing PMI
The S&P Global 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.
Actual Previous Highest Lowest Dates Unit Frequency
55.70 53.70 55.70 36.80 2016 - 2022 points Monthly

News Stream
Thailand Manufacturing PMI Hits New High
The S&P Global Thailand Manufacturing PMI rose to a fresh record high of 55.7 in September 2022 from 53.7 in August, posting the ninth straight month of growth in factory activity with record growth rates in both output and new orders driving the upturn, amid a record pace of buying levels and a renewed uptick in new exports. September data signaled a fifth straight round of job shedding while backlogs of work fell for the ninth month running and at the second-fastest pace on record. Lead times continued to lengthen, though the extent to which they increased was the least in four months. On inflation, cost pressures stayed severe but eased from August's peaks. Rising prices for gas and freight were linked to input cost inflation. Firms said that higher selling prices were reflective of the increasing production costs. Lastly, sentiment stayed optimistic, with the degree of confidence the second-strongest on record amid hopes for economic improvements and expansion plans.
2022-10-03
Thailand Manufacturing PMI Hits Record Top
The S&P Global Thailand Manufacturing PMI increased to a record high of 53.7 in August 2022 from 52.4 in June, representing the eighth straight month of growth as the economy recovered further from the COVID hit. Both output and buying activity grew at the strongest pace on record, and new orders rose for the second straight month. Meantime, there was a renewed fall in export sales while the fourth round of job shedding was recorded, amid further easing of pressures on capacities as backlogged work declined at the steepest pace on record. Vendor performance deteriorated the most in seven months, due to cost-saving efforts. Turning to prices, August's survey revealed surges in input and output charges which were the steepest rates in the survey history, due to freight, energy, and raw material costs. Finally, the degree of confidence soared to a fresh survey peak as manufacturers stayed hopeful for continued economic improvement.
2022-09-01
Thailand Manufacturing PMI Highest in 5 Months
The S&P Global Thailand Manufacturing PMI increased to 52.4 in July 2022 from 50.7 in June, representing the seventh straight month of growth and was just short of February's survey peak. Output rose for the 11th month running, growing at the 2nd-fastest on record; new orders gained for the first time in 3 months, while an upturn in export sales sustained. Also, buying levels went up further, on efforts to build stocks due to supply issues. Meantime, employment fell modestly, while the rate of backlog depletion was among the steepest on record. Average lead times continued to lengthen, as has been the case in each month since May. On inflation, input prices rose for the 22-month in a row, due to fuel, transport, and material costs. In response, Thai firms again raised their factory gate charges, with the rate of rising the second-quickest on record. Finally, sentiment pointed to a near-record peak, on hope that demand will pick up in the coming months.
2022-08-01