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. source: Markit Economics
Manufacturing PMI in Thailand averaged 49.30 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 June 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.