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.