# Thai economy slowed down from the previous month in December

- Link: https://www.thailand-business-news.com/banking/192600-thai-economy-slowed-down-from-the-previous-month-in-december
- Published: 2025-02-07T05:50:44+07:00
- Author: SiamNews PR

### Related**Posts**

###  󠀁[USD to THB Exchange Rate Today: Thai Baht Moves with Global Market Trends](https://www.thailand-business-news.com/banking/331689-usd-to-thb-exchange-rate-today-thai-baht-moves-with-global-market-trends)󠁿

###  󠀁[Bank of Thailand Unveils Framework to Shield Financial Sector from Illicit Activities](https://www.thailand-business-news.com/banking/328409-bank-of-thailand-unveils-framework-to-shield-financial-sector-from-illicit-activities)󠁿

###  󠀁[Tokenised Deposits vs Stablecoins: Why Thailand’s Cautious Path Differs from Hong Kong and Singapore](https://www.thailand-business-news.com/banking/321239-tokenised-deposits-vs-stablecoins-why-thailands-cautious-path-differs-from-hong-kong-and-singapore)󠁿

###  󠀁[Thailand’s economy in July saw growth, boosted by the momentum of the global technology and AI cycle](https://www.thailand-business-news.com/banking/326128-the-thai-economy-in-july-expanded-from-the-previous-month)󠁿

**Thai economy slowed down with lower exports and manufacturing production. Private
investment stable, tourism revenue up. Public spending increased, inflation rose,
current account surplus. Labor market unchanged.**

---

## Summary

 * The Thai economy slowed down from the previous month **due to lower merchandise
   exports and manufacturing production, leading to a contraction in related service
   sectors such as freight transportation**. Nevertheless, private investment remained
   stable, while tourism revenue increased due to a higher proportion of long-haul
   tourists. Private consumption also increased slightly from the previous month
   across most major categories, except non-durable goods, which slowed down after
   a good expansion previously as a result of the government’s cash transfer program.
   Public spending continued to expand in both current and capital expenditures.
 * On the economic stability front, headline inflation increased from the previous
   month mainly due to energy inflation. This was partly a result of the low base
   effect from last year’s government subsidies and rising benzene prices. Meanwhile,
   core inflation remained stable. The current account registered a higher surplus
   due to improvements in the services, income, and transfers balance, while the
   trade balance surplus remained similar to the previous month. The labor market
   condition remained unchanged in both the manufacturing and service sectors. 

**Source** : [https://www.bot.or.th/en/news-and-media/news/news-20250131.html](https://www.bot.or.th/en/news-and-media/news/news-20250131.html?rand=113190)