A beach town in Thailand

Thailand PMI June 2024

Thailand: Manufacturing PMI rises in June

The S&P Global Thailand Manufacturing Purchasing Managers’ Index (PMI) rose to 51.7 in June from May’s 50.3. As a result, the index moved further above the 50.0 no-change threshold, and signaled a faster improvement in manufacturing-sector operating conditions compared to the previous month.

June’s increase was primarily driven by the fastest rise in output since May of the previous year, and a near-stabilization in new order volumes after a prolonged downturn. In addition, employment growth reached a record high and purchasing activity accelerated as companies tried to address a sustained rise in backlogs.

Regarding prices, cost pressures in June remained broadly stable, with a slight increase in manufacturers’ pricing power seen as output prices rose at the quickest rate in four months. Lastly, business confidence surged to its highest since April 2023, driven by stabilizing new orders and the anticipation of new customers.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest