Thailand Manufacturing PMI

Last Release

Jul 31, 2024

Actual

52.8

Units In

Points

51.7

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
60.4 Apr 2023	36.8 Apr 2020	49.99 Points	2016-2024	Markit Economics

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.

Latest Updates

The S&P Global Thailand Manufacturing PMI fell to 50 in October 2024, down from 50.4 in September, ending a five-month upturn. The reading indicated a stagnation of business conditions in the Thai manufacturing sector, as new orders saw a slight decline, while output rose marginally, resulting in a stalling of purchasing activity and a slower rise in employment. Despite this, the current job creation streak reached a record six months, and backlogs of work also increased for the sixth consecutive month. Meanwhile, inflationary pressures remained weak, with input prices falling for the fourth consecutive month and output charges remaining stable. Looking ahead, manufacturers remain optimistic about output growth for the next 12 months, supported by expectations of new customer acquisition and enhanced marketing efforts.