The IHS Markit Thailand Manufacturing PMI rose to a three-month high of 48.9 in September 2021 from 48.3 in August, pointing to the fifth straight month of contraction in the sector, with output rising for the first time in five months. Demand remained subdued, amid continued COVID-19 disruptions, with new orders indicating a fifth straight month of contraction while foreign demand also falling. Also,job shedding occurred at the fastest rate in nearly 1-1/2 years, due to redundancies and resignations. Meantime, pre-production and post-production stocks declined at faster speeds as manufacturers were reluctant to stockpile amid soft demand conditions. Prices data showed input cost and output price inflation both surged to the highest on record, on higher raw material and transport costs. Longer lead times were also seen, although the deterioration was marginal. Going forward, sentiment strengthened to its highest since June 2019, amid hopes that economic conditions will improve. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.27 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 October of 2021.

Manufacturing PMI in Thailand is expected to be 53.00 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 2022, according to our econometric models.

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Thailand Manufacturing PMI


News Stream
Thailand Manufacturing PMI Highest in 3 Months
The IHS Markit Thailand Manufacturing PMI rose to a three-month high of 48.9 in September 2021 from 48.3 in August, pointing to the fifth straight month of contraction in the sector, with output rising for the first time in five months. Demand remained subdued, amid continued COVID-19 disruptions, with new orders indicating a fifth straight month of contraction while foreign demand also falling. Also,job shedding occurred at the fastest rate in nearly 1-1/2 years, due to redundancies and resignations. Meantime, pre-production and post-production stocks declined at faster speeds as manufacturers were reluctant to stockpile amid soft demand conditions. Prices data showed input cost and output price inflation both surged to the highest on record, on higher raw material and transport costs. Longer lead times were also seen, although the deterioration was marginal. Going forward, sentiment strengthened to its highest since June 2019, amid hopes that economic conditions will improve.
2021-10-01
Thailand Factory Activity Contracts for 4th Month
The IHS Markit Thailand Manufacturing PMI dropped to 48.3 in August 2021 from 48.7 a month earlier, pointing to the fourth straight month of contraction in the sector. New orders and production both fell for a fourth consecutive month and at a faster pace compared to July, while new export orders shrank for the first time in six months. As a result, manufacturers stayed cautious with both purchases and hiring. Meanwhile the level of outstanding business was also down, in line with demand and falling for the seventh straight month. Lead times however stayed unchanged in August, with firms experiencing mixed effects of easing demand and sustained COVID-19 disruptions. This did little to contribute to the easing of price pressures as both input costs and output charges increased at faster rates compared to July. Finally, sentiment remained weak as manufacturers grew more pessimistic on the 12-month outlook for production, given the pandemic disruptions.
2021-09-01
Thailand Manufacturing Shrinks for 3rd Month
The IHS Markit Thailand Manufacturing PMI dropped to 48.7 in July 2021 from 49.5 a month earlier, pointing to the third straight month of contraction in the sector. Demand and production both saw sharper declines as the COVID-19 disruption worsened in the country with the spread of the more infectious Delta variant. Also, lower staffing levels were seen and for the thirty-fourth consecutive month. Firms reduced their buying levels for a third month running, although the average level of stocks of purchases had remained unchanged from June. Meantime, new orders from abroad were an exception, sustaining growth for the fifth month running and at a pace that was comparable to June. On prices, average input costs were almost unchanged, while output charges increased at a steady but marginal rate. Going forward, companies turned slightly less pessimistic as they hoped for improvements in the coronavirus situation ahead.
2021-08-02
Thailand Manufacturing Contracts at Softer Rate
The IHS Markit Thailand Manufacturing PMI increased to 49.5 in June 2021 from 47.8 a month earlier. Still, this was the second straight month of contraction in factory activity, amid the third coronavirus wave in the country. Output and new orders both fell for the second month running, albeit at slower rates. Meanwhile, a continued contraction of purchasing and hiring activities was recorded. At the same time, foreign demand continued to increase from the previous month though at a marginally slower rate from May. Elsewhere, the lengthening of delivery times continued, signaling continued supply constraints faced by firms. On the cost front, price pressures continued to build, with input price inflation climbing to a three-month high; while firms continued to share cost burdens with their clients by raising their own charges.
2021-07-01

Thailand Manufacturing PMI
The IHS Markit 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.

Thailand Last Unit Reference Previous Highest Lowest
Manufacturing PMI 48.90 points Sep/21 48.30 51.10 36.80