# Thai economy improved in August due to stronger domestic and external demand, says Bank of Thailand

- Link: https://www.thailand-business-news.com/banking/198413-thai-economy-improved-in-august-due-to-stronger-domestic-and-external-demand-says-bank-of-thailand
- Published: 2025-03-03T07:17:00+07:00
- Author: SiamNews PR

**Thai economy improved in August due to domestic and external demand. Government
measures boosted transportation and consumer spending. Automotive production improved
but exports were hindered. Labor market stable with monitoring needed in construction
and manufacturing.**

---

The Thai economy has shown improvement compared to the previous month, largely due
to a surge in tourism activities, with increased numbers of foreign tourists and
revenue. Private consumption also rose, partly due to government stimulus measures,
and there was growth in trade sector activities, manufacturing production, and private
investment. Merchandise exports increased but remained focused in specific categories.
Government spending expanded in both current and capital expenditures.

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## Key Points

 * The Thai economy has shown improvement, largely due to a surge in tourism activities,
   increased private consumption, and higher merchandise exports.
 * Inflation rates have risen, primarily driven by an increase in fresh food prices
   and a slight uptick in prepared food prices.
 * The current account surplus has decreased, while the labor market remains stable
   compared to the previous month.

![](https://b2thbz.siamnews.network/2025/03/bot-012025.jpg)

In terms of economic stability, headline inflation rose due to higher fresh food
inflation, influenced by a low base last year and increasing vegetable prices. Core
inflation slightly increased due to higher prepared food prices. The current account
surplus decreased as the trade surplus diminished, while the services, income, and
transfers showed a larger surplus. The labor market remained stable compared to 
the previous month. For more detailed information, two tables are attached and further
inquiries can be made through the provided contact.

**Source** : [https://www.bot.or.th/en/news-and-media/news/news-20250228.html](https://www.bot.or.th/en/news-and-media/news/news-20250228.html?rand=113190)

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