Name: Thailand Business Confidence
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Thailand,Business Confidence,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Thailand’s Business Sentiment Index fell to 47.7 in March 2026, the lowest level in seven months, down from 49.6 in February, as sentiment was weighed down by the impact of the Middle East conflict. Total order books contracted (47.9 vs 52.2) and export conditions weakened (45.5 vs 48.2) while output prices went up (50.6 vs 49.7). The hotel and restaurant sector was particularly hit, with sentiment falling to an eight-month low, owing to cancellations of flight tickets and hotel bookings by Middle Eastern tourists, along with the suspension of direct flights from Middle Eastern airlines to Thailand. Also, the manufacturing index weakened, led by plastics pellets and packaging industries, as the closure of the Strait of Hormuz pushed energy prices higher, affecting transportation costs and imported feed stocks for plastic manufacturing, such as crude oil and naphtha. Also, the 3-month expected BSI dropped to 44.2, reflecting concerns over a potentially prolonged situation. source: Bank of Thailand

Business Confidence in Thailand decreased to 47.70 points in March from 49.60 points in February of 2026. Business Confidence in Thailand averaged 48.00 points from 1999 until 2026, reaching an all time high of 55.70 points in March of 2010 and a record low of 32.60 points in April of 2020. This page provides the latest reported value for - Thailand Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.

Business Confidence in Thailand decreased to 47.70 points in March from 49.60 points in February of 2026. Business Confidence in Thailand is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Business Confidence is projected to trend around 56.00 points in 2027 and 52.00 points in 2028, according to our econometric models.

Related	Last	Previous	Unit	Reference
Business Confidence	47.70	49.60	points	Mar 2026
Coincident Index	109.77	109.99	points	Feb 2026
Leading Economic Index	164.92	167.32	points	Feb 2026
Private Investment MoM	1.90	2.70	percent	Feb 2026

Thailand Business Confidence

In Thailand, the Business Sentiment Index (BSI) measures the expectations of entrepreneurs regarding current business performance, orders, employment, production, costs and investment. The survey covers a sample of around 1500 entrepreneurs. The questionnaires are sent out during the last week of the previous month and are compiled by the third week of that given month. For each of the variables measured, the proportion of positive, negative and neutral answers is computed, and the final index is reported as a sum of the positive proportions with half of the neutral proportion. The BEI above 50 indicates that business sentiment has improved and below 50 that has worsened.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	47.70	49.60	55.70	32.60	1999 - 2026	points	Monthly

Compare: Business Confidence by Country

News Stream

Thailand Business Confidence Declines Amid Middle East Conflict

Thailand’s Business Sentiment Index fell to 47.7 in March 2026, the lowest level in seven months, down from 49.6 in February, as sentiment was weighed down by the impact of the Middle East conflict. Total order books contracted (47.9 vs 52.2) and export conditions weakened (45.5 vs 48.2) while output prices went up (50.6 vs 49.7). The hotel and restaurant sector was particularly hit, with sentiment falling to an eight-month low, owing to cancellations of flight tickets and hotel bookings by Middle Eastern tourists, along with the suspension of direct flights from Middle Eastern airlines to Thailand. Also, the manufacturing index weakened, led by plastics pellets and packaging industries, as the closure of the Strait of Hormuz pushed energy prices higher, affecting transportation costs and imported feed stocks for plastic manufacturing, such as crude oil and naphtha. Also, the 3-month expected BSI dropped to 44.2, reflecting concerns over a potentially prolonged situation.

2026-04-03

Thailand Business Morale Improves in Feburary

Thailand's business confidence indicator rose to 49.6 in February 2026, improving from a three-month low of 49.1 in the previous month. Sentiment strengthened for overall order books (52.2 vs 50.5 in January), investment (52.5 vs 51.4), and employment (50.8 vs 49.1). Meanwhile, sentiment weakened for performance (50.7 vs 51.3) and products (51.4 vs 52.4), while it deteriorated further for production costs (39.5 vs 39.7) and output prices (49.7 vs 49.8). By sector, the manufacturing index increased across nearly all industries, led by steel, which reported stronger demand from both domestic and overseas markets, particularly the US, and the electronics industry, supported by sustained growth in AI-related demand and data centers. The non-manufacturing index remained stable, despite a decline in retail trade, thanks to significant improvements in warehouse sector confidence. The three-month forward-looking sentiment index slightly eased to 52 from 52.3 in the previous month.

2026-03-03

Thailand Business Sentiment Remains Subdued

Thailand’s business confidence indicator fell to 49.1 in January 2026 from 49.8 in the previous month, marking the lowest level since October. Sentiment worsened on production costs (39.7 vs 42.4) and employment (49.1 vs 51.6), while optimism eased on investment (51.4 vs 51.8) and order books (50.5 vs 51.5). In contrast, assessments of performance (51.3 vs 49.9) and production (52.4 vs 51.4) improved. By sector, manufacturing fell across most industries, particularly in plastics and electronics as order books dropped amid US foreign policy uncertainty. Non-manufacturing activity also weakened across all sectors ahead of the new government formation, with total order books and services falling sharply. Hotels and restaurants were particularly affected due to the tourism low season and intensified regional price competition. The three-month forward looking sentiment index dropped to 52.3 from 54.4 in the previous month, marking the lowest level since September.

2026-02-03