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Thailand Business Confidence

Thailand's business confidence hit 48 points in September 2025, up from 47.5 points in August 2025. This marks a 1.1% month-over-month increase and the highest level in three months. The manufacturing sector's Purchasing Managers' Index (PMI) reached 54.6 in September, the fastest pace since May 2023. This expansion was driven by higher domestic new orders and output. The non-manufacturing sector also improved with hotels and restaurants benefiting from increased European tourist demand. However, new export orders decreased for the second month in a row. Thailand's record low business confidence was 32.6 points in April 2020 and record high was 53.3 points in March 2018.

Monthly Historical Data (2015-2025)

(in points)
Month Business Confidence (points)
Sep 2025 48
Aug 2025 47.5
Jul 2025 45.8
Jun 2025 48.6
May 2025 46.7
Apr 2025 47.1
Mar 2025 50.2
Feb 2025 48.9
Jan 2025 48.5
Dec 2024 48.4
Nov 2024 49.3
Oct 2024 47
Sep 2024 45.7
Aug 2024 47.1
Jul 2024 46.9
Jun 2024 48.7
May 2024 48
Apr 2024 47.3
Mar 2024 49.6
Feb 2024 48.8
Jan 2024 48
Dec 2023 49.1
Nov 2023 49
Oct 2023 48.9
Sep 2023 50.4
Aug 2023 48.9
Jul 2023 49.3
Jun 2023 51
May 2023 49.7
Apr 2023 50.1
Mar 2023 52.9
Feb 2023 50.6
Jan 2023 49.8
Dec 2022 48.4
Nov 2022 49.4
Oct 2022 47.8
Sep 2022 49.6
Aug 2022 49.6
Jul 2022 49.4
Jun 2022 50.5
May 2022 49.3
Apr 2022 48.2
Mar 2022 50.7
Feb 2022 47.8
Jan 2022 47.2
Dec 2021 49
Nov 2021 48.4
Oct 2021 47
Sep 2021 42.6
Aug 2021 40
Jul 2021 41.4
Jun 2021 46.5
May 2021 43
Apr 2021 46
Mar 2021 50.1
Feb 2021 45.6
Jan 2021 44.2
Dec 2020 46.8
Nov 2020 47.7
Oct 2020 45.4
Sep 2020 47.5
Aug 2020 45.7
Jul 2020 42.9
Jun 2020 38.5
May 2020 34.4
Apr 2020 32.6
Mar 2020 42.6
Feb 2020 44.1
Jan 2020 48.5
Dec 2019 45.1
Nov 2019 47.4
Oct 2019 48.1
Sep 2019 47.9
Aug 2019 48.6
Jul 2019 49.1
Jun 2019 49.4
May 2019 50.1
Apr 2019 49.2
Mar 2019 51.4
Feb 2019 49.9
Jan 2019 50
Dec 2018 49.5
Nov 2018 53.1
Oct 2018 49.6
Sep 2018 51.5
Aug 2018 51.4
Jul 2018 52
Jun 2018 52.8
May 2018 51.5
Apr 2018 49.5
Mar 2018 53.3
Feb 2018 51.4
Jan 2018 52.5
Dec 2017 50.2
Nov 2017 51.3
Oct 2017 50.6
Sep 2017 52.2
Aug 2017 50.7
Jul 2017 50.3
Jun 2017 50.7
May 2017 52.3
Apr 2017 49.6
Mar 2017 52.6
Feb 2017 49.8
Jan 2017 50.1
Dec 2016 50.3
Nov 2016 49.5
Oct 2016 49.2
Sep 2016 50.3
Aug 2016 47.8
Jul 2016 49.4
Jun 2016 50.4
May 2016 49.7
Apr 2016 49.8
Mar 2016 51.5
Feb 2016 48.2
Jan 2016 48.5
Dec 2015 49.9
Nov 2015 49.1
Oct 2015 50.2
Sep 2015 47.3

Recent Events

datetime event actual previous consensus
2025-10-03 04:00 AM Business Confidence (Sep) 48 47.5 -
2025-09-01 11:40 PM Business Confidence (Aug) 47.5 45.8 -

Next Release Date :

Thailand Business Confidence : Definition
The Thailand Business Confidence Index measures Thai business sentiment on current economic conditions and future outlook. The Bank of Thailand calculates it from surveys asking operators about business activity changes. A score above 50 indicates general optimism while a score below 50 suggests pessimism regarding business performance and expectations.