FX.co ★ Thailand Manufacturing PMI at 1-Year Low

In April 2025, the S&P Global Thailand Manufacturing PMI decreased to 49.5 from 49.9 in March, marking the lowest level in a year and signaling a worsening of operating conditions. New orders fell at their quickest pace since the previous April, hindered by subdued economic conditions and the aftermath of an earthquake in late March. Nonetheless, manufacturers continued to increase output for the third consecutive month by addressing backlogs. For the first time since November, there was a modest uptick in staffing levels, contributing to the most significant drop in outstanding work over the past year. Conversely, both purchasing activity and input inventories declined once more. However, stocks of finished goods rose due to shipment delays and heightened production levels. Regarding pricing, input costs decreased again, primarily due to bulk-buy purchasing strategies, while output prices experienced a slight increase for the first time since last August. Business sentiment remained robust, with companies optimistic that marketing strategies and discounts will bolster future sales.