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September 01, 2023
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Thailand PMI manufacturing 48.9 in Aug-23



- Thailand's manufacturing PMI contracted to 48.9 in August 2023, the lowest level since August 2021, indicating a decline in the sector.
- The current PMI reading is 4.83 points below the one-year average, suggesting that the challenges faced by the manufacturing sector are more significant compared to the previous year.
September 01, 2023
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Thailand PMI Manufacturing 48.9 in Aug-23


- The Thailand PMI Manufacturing for Aug-23 declined to 48.9, indicating a contraction in the sector and a loss of momentum compared to the previous reading of 50.7.
- The PMI figure of 48.9 is significantly below the 1-year average of 4.83, signifying a sustained period of below-average performance in the manufacturing sector.
August 31, 2023
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Thailand industrial production -6.97% y-o-y (consensus -6.5) in Aug-23


- Thailand's industrial production declined by 6.97% year-on-year in August 2023, the lowest growth rate since April 2023.
- Private consumption recorded a modest growth of 1.04% month-on-month in July 2023, while investment grew by 1.42% in the same period.
August 21, 2023
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Thailand GDP growth 1.78% y-o-y (Consensus 3.1%) in Q2-23

- Thailand's GDP growth in Q2-23 was 1.78% y-o-y, the lowest since Q4-22 and contrary to expectations for growth increasing to 3.1%.
- The growth rate is 0.80pp below the one-year average and 1.45pp below the long-run average, further underscoring the weak economic performance.

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