The S&P Global Thailand Manufacturing PMI edged up to 51.7 in June 2025 from 51.2 in May, marking the second consecutive month of growth and the strongest expansion since August 2024. Output growth accelerated to a near one-year high, supported by greater new work inflows, including from abroad.
In response, goods producers raised their purchasing activity for the first time in four months, resulting in a second monthly rise in input inventories. However, stocks of finished goods fell slightly after two months of growth, as firms grew reluctant to hold additional inventory for sales. Employment levels also stalled, following two straight months of job creation, as business confidence softened. While manufacturers maintained an above-average level of optimism in June, it was the lowest recorded in just over a year as some firms became concerned with the outlook for growth. Regarding prices, input costs rose for the first time since January, leading to higher selling price inflation.
