The IHS Markit Thailand Manufacturing PMI fell to 49.5 in December 2021 from 50.6 in November. The latest reading followed a two-month period in which the sector improved after the easing of COVID-19 curbs. Lackluster demand amid a slow economic recovery held the manufacturing sector back even as output continued to grow. In turn, employment weakened while backlogged work accumulated for the first time since September 2020. Meanwhile, buying levels went up as some firms try to meet the rise in output while others did so to mitigate against future price hikes. Delivery times, meanwhile, improved at a record rate although this may be a temporary phenomenon as vendors were reported to have improved their efficiency for the year-end period. On inflation, input cost picked up, reflecting higher raw materials and transportation costs; while output prices increased at a record rate. Finally, sentiment stayed upbeat on hopes that economic conditions will improve. source: Markit Economics

Manufacturing PMI in Thailand averaged 49.32 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 January of 2022.

Manufacturing PMI in Thailand is expected to be 52.00 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 49.50 50.60 points Dec/21

News Stream
Thailand Manufacturing Shrinks for 1st Time in 3 Months
The IHS Markit Thailand Manufacturing PMI fell to 49.5 in December 2021 from 50.6 in November. The latest reading followed a two-month period in which the sector improved after the easing of COVID-19 curbs. Lackluster demand amid a slow economic recovery held the manufacturing sector back even as output continued to grow. In turn, employment weakened while backlogged work accumulated for the first time since September 2020. Meanwhile, buying levels went up as some firms try to meet the rise in output while others did so to mitigate against future price hikes. Delivery times, meanwhile, improved at a record rate although this may be a temporary phenomenon as vendors were reported to have improved their efficiency for the year-end period. On inflation, input cost picked up, reflecting higher raw materials and transportation costs; while output prices increased at a record rate. Finally, sentiment stayed upbeat on hopes that economic conditions will improve.
2022-01-04
Thailand Manufacturing Grows for 2nd Straight Month
The IHS Markit Thailand Manufacturing PMI edged down to 50.6 in November 2021 from 50.9 a month earlier. Still, this was the second straight month of increase in the sector, amid further easing of COVID-19 curbs, with output growing for the third month running. Also, buying activity rose further, leading to an increase in the stocks of input inventory. Meantime, overall demand remained subdued while foreign sales fell at a faster rate despite Thailand having reopened to vaccinated visitors. As a result, the level of work outstanding continued to fall. Employment levels dipped, although manufacturers largely reported resignations having accounted for the fall in workforce capacity. Suppliers’ delivery times further lengthened and at a faster rate, caused by congestions and instances of flooding. On prices, both input costs and output charges continued to extend their respective sequence of rises. Lastly, sentiment improved sharply, on hopes for better economic recovery ahead.
2021-12-01
Thailand Manufacturing Sector Rebounds
The IHS Markit Thailand Manufacturing PMI rose to 50.9 in October 2021 from 48.9 a month earlier. This marked the first expansion in factory activity since April and the steepest pace in 2-1/2 years, as output rose for a second straight month and at a survey record pace, and buying levels grew at a record speed. That said, new orders continued to fall, export sales droped for the third month in a row and job shedding continued. Meantime, suppliers’ delivery times lengthened for a second straight month on reports of flooding in certain areas. Regarding prices, input price inflation eased to a two-month low, but was sustained at a strong rate by historical standards amid higher raw material and shipping costs; while selling charges went up marginally. Lastly, confidence remained strong, though the level of sentiment eased from September’s over two-year high.
2021-11-01

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.