The S&P Global Thailand Manufacturing PMI increased to the second-highest on record of 54.5 in January 2023 from 52.5 in December. This was also the 13 straight month of growth in the manufacturing sector, with output, new orders, and employment all registering increase for only the fourth time in the seven-year survey history. Purchasing continued to rise sharply, leading to a renewed increase in stocked inputs despite another rapid fall in backlogged work. Delivery times lengthened for the ninth month running, the longest period of deteriorating performance since the survey begain. That said, the degree to which times increased in the latest period was the lowest since last September. On inflation, input prices rose the most in three months high but remained well below the record set last August, while selling prices increased at the fifth-fastest rate on record. Looking ahead, sentiment fell to the lowest in 11 months, on lingering inflation concerns. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.84 points from 2016 until 2023, 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 February of 2023.

Manufacturing PMI in Thailand is expected to be 49.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Thailand Manufacturing PMI



Related Last Previous Unit Reference
Manufacturing PMI 54.50 52.50 points Jan 2023

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
54.50 52.50 55.70 36.80 2016 - 2023 points Monthly

News Stream
Thailand Manufacturing PMI Rises to Second-Highest on Record
The S&P Global Thailand Manufacturing PMI increased to the second-highest on record of 54.5 in January 2023 from 52.5 in December. This was also the 13 straight month of growth in manufacturing activity, with output, new orders, and employment all registering increases for only the fourth time in the seven-year survey history. Purchasing continued to rise sharply, leading to a renewed increase in stocked inputs despite another rapid fall in backlogged work. Delivery times lengthened for the ninth month running, the longest period of deteriorating performance since the survey began. That said, the degree to which times increased in the latest period was the lowest since last September. On inflation, input prices rose the most in three months high but remained well below the record set last August, while selling prices increased at the fifth-fastest rate on record. Looking ahead, sentiment fell to the lowest in 11 months, on lingering inflation concerns.
2023-02-01
Thailand Manufacturing Grows the Most in 3 Months
The S&P Global Thailand Manufacturing PMI increased to 52.5 in December 2022 from November’s five-month low of 51.1. This was the 12th straight month of growth in the manufacturing sector and the strongest pace since September, amid higher production which grew at the second fastest pace on record as Thai manufacturers ramped up output to complete previous orders and existing workloads. On the other hand, new orders shrank amid a deterioration in economic conditions and high inflation. At the same time, employment fell as firms attempted to rein in labour cost, with backlogs of work declining for the twelfth straight month and at a rapid rate. Buying activity continued to grow, while stock of purchases remained unchanged, as the depletion of inventories for production offset restocking efforts. Also, input cost inflation edged up, amid higher costs of raw material, energy and transportation and output inflation also accelerated. Finally, business sentiment improved slightly.
2023-01-04
Thailand Factory Activity Grows the Least in 5 Months
The S&P Global Thailand Manufacturing PMI declined to 51.1 in November 2022 from 51.6 in October. This was the 11th straight month of growth in the manufacturing sector, but the slowest pace in five months, amid concerns over rising cost pressures. New orders shrank amid weak demand for manufactured goods, while foreign orders increased the least in eight months due to global monetary tightening. Meanwhile, outstanding work fell the most in the survey history due to the combination of growth in production and a fall in new orders. At the same time, firms lowered employment levels as they tried to reduce spending. Buying activity remained in growth territory, however, but the rate of expansion eased noticeably on the back of lower sales. On inflation, input cose rose the least since August 2021, leading to a softer rise in output prices. Lastly, confidence was at its lowest since February after hitting a record high in October, amid worries over economic conditions.
2022-12-01