A beach town in Thailand

Thailand PMI May 2024

Thailand: Manufacturing PMI enters expansionary territory in May

The S&P Global Thailand Manufacturing Purchasing Managers’ Index (PMI) rose to 50.3 in May from 48.6 in April. As a result, the index moved above the 50.0 no-change threshold, and signaled an improvement in manufacturing-sector operating conditions compared to the previous month.

Key drivers behind the May improvement included a significant increase in manufacturing output—the fastest since August of the previous year—and a stabilization in new order volumes. Additionally, there was a renewed expansion in employment and purchasing activity; manufacturers aimed to increase their capacity in response to the first rise in backlogs of work in nearly a year.

On the topic of prices, May data revealed muted inflationary pressures, with input prices continuing to fall and output prices increasing only marginally. Lastly, manufacturers remained optimistic about the future, with confidence in the 12-month outlook for output running above the pre-pandemic trend.

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 X Download Fullscreen