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Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

Erlina Fury Santika 08/01/2026 10:55 WIB

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According to S&P Global, the PMI score used to gauge the development of the manufacturing business in the ASEAN group was 51.6 points. Thailand took the top position, surpassing Indonesia in fourth pl

Purchasing Managers' Index/PMI Manufacturing Score for 7 ASEAN Group Countries (December 2025)

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Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

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Purchasing Managers' Index/PMI Manufacturing Score for 7 ASEAN Group Countries (December 2025)

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The condition of the manufacturing industry, as measured by the Purchasing Managers Index (PMI) score by S&P Global in the ASEAN group, was recorded at 52.7 points in December 2025.

The index score scale ranges from 0-100 points. A score below 50 reflects weakening or contraction; a score of 50 means stable or no change; and a score above 50 indicates strengthening or expansion compared to the previous month.

The December 2025 score weakened from November 2025, which recorded a score of 53 points. According to S&P Global, this decelerating momentum was evident from adjusted increases in output and new orders.

"[However], overall expansion remained strong across both indicators," S&P Global stated in its release.

Among the 7 ASEAN group countries surveyed, Thailand achieved the highest score, at 57.4 points in December 2025. This figure increased from 56.8 points in November 2025.

S&P Global noted that Thailand's PMI index score has been above the expansion level for 8 consecutive months. This indicates continued improvement in the manufacturing sector's condition.

"Furthermore, the pace of improvement was the sharpest in over two and a half years," S&P Global added.

Thailand surpassed Indonesia, which ranked fourth with a score of 51.2 points.

Nevertheless, all countries on this list achieved scores above 50 points. This means that the ASEAN manufacturing industry remained strong and expansive compared to the previous month.

Here are the details of the ASEAN countries' PMI scores in December 2025:

Thailand: 57.4 points
Singapore: 54.1 points
Vietnam: 53.0 points
Indonesia: 51.2 points
Myanmar: 50.6 points
Philippines: 50.2 points
Malaysia: 50.1 points
ASEAN: 52.7 points.

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

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Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

Thailand to Surpass Indonesia in ASEAN Manufacturing by End of 2025

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