Thailand’s PMI July 2025

According to the latest report by S&P Global Market Intelligence, the Purchasing Manager’s Index (PMI) for Thailand’s manufacturing sector reached 51.9 in July 2025, above the 50-point threshold that separates growth from contraction.

This marked the third consecutive month of expansion and the strongest improvement in operating conditions in nearly a year, driven by rising production momentum and better business sentiment.

New orders saw their fastest growth of the year, supported by increased client interest and stronger export demand. In response, manufacturers raised output and stepped up purchasing, resulting in higher input inventories. Employment also rose after stagnating in June, helping to reduce backlogs.

Meanwhile, output price inflation eased to near neutral as input costs declined slightly due to supplier discounts and bulk purchases. However, finished goods inventories fell again amid continued outbound shipments. Business confidence reached an 11-month high, fuelled by marketing efforts and expansion plans.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2024.