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. source: Bank of Thailand

Business Confidence in Thailand decreased to 49.10 points in January from 49.80 points in December of 2025. 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 February of 2026.

Business Confidence in Thailand decreased to 49.10 points in January from 49.80 points in December of 2025. Business Confidence in Thailand is expected to be 49.60 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 51.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-05 08:00 AM
Business Confidence
Dec 49.8 50 50.6
2026-02-03 08:00 AM
Business Confidence
Jan 49.1 49.8 50.4
2026-03-03 08:00 AM
Business Confidence
Feb 49.1


Related Last Previous Unit Reference
Business Confidence 49.10 49.80 points Jan 2026
Cement Production 2945.60 3096.20 Thousands of Ton Sep 2024
Coincident Index 106.06 103.95 points Dec 2025
Leading Economic Index 166.09 166.10 points Dec 2025
Private Investment MoM 3.60 3.30 percent Dec 2025


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
49.10 49.80 55.70 32.60 1999 - 2026 points Monthly

News Stream
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
Thailand Business Morale Weakens in December
Thailand’s business confidence indicator fell to 49.8 in December 2025 from 50 in November, slipping below the threshold and signaling a deterioration in business sentiment. Expectations for performance edged below 50, showing a mild shift toward pessimism (49.9 vs 51.4), while production cost expectations remained negative (42.4 vs 42.5). Optimism declined for production (51.4 vs 51.6), investment (51.8 vs 52), and order books (51.5 vs 52). In contrast, employment outlook improved (51.6 vs 50). By sector, manufacturing grew on front-loaded exports in food, electrical appliances, and rubber, while non-manufacturing surged, led by hotels, restaurants, and retail, supported by government tourism stimulus. The three-month forward-looking sentiment index rose to 54.4 from 53.4, the highest since September 2023.
2026-01-05
Thailand Business Confidence Turns Neutral
Thailand’s business confidence indicator turned neutral at 50 in November 2025, from 48.7 in the previous month. The latest reading ended seven consecutive months of pessimism, with sentiment strengthening in performance (51.4 vs 51.2), production (51.6 vs 50.2), employment (50 vs 49.6), investment (52 vs 51.8), and overall order books (50 vs 47.7). By sector, the non-manufacturing index strengthened sharply, led by the hotel and restaurant industry and the retail sector. Meanwhile, the manufacturing index remained stable, as the food industry performed well, mainly aided by the Half-Half Plus scheme and supply disruptions caused by flooding in various regions. However, confidence in the automotive industry declined, driven by weaker production and performance sub-indices. Looking ahead, the three-month forward-looking business sentiment index rose to 53.4 in November from 52.5 in October, reaching its highest level since February 2024.
2025-12-02