# Thai Economy Shows Moderate Improvement in October, Reports BoT

- Link: https://www.thailand-business-news.com/banking/262344-thai-economy-shows-moderate-improvement-in-october-reports-bot
- Published: 2025-12-05T07:22:00+07:00
- Author: SiamNews PR

**The Thai economy grew modestly due to increased merchandise exports, improved 
private consumption, and a stronger services sector, despite inflation being slightly
negative and a current account deficit. Key issues include flooding, U.S. tariffs,
and government stimulus.**

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## Summary

 * The Thai economy registered a modest month-on-month expansion, supported by improvements
   in both demand and supply-side indicators.
    - Demand side: Merchandise exports, excluding gold, continued to grow, mainly
      driven by technology-related products. Foreign tourist receipts increased 
      in line with higher tourist arrivals, while private consumption improved across
      nearly all categories.
    - Supply side: Activity improved, primarily in the services sector, although
      manufacturing production remained broadly unchanged.
 * Labor market conditions improved, particularly employment in the services sector.
 * Headline inflation was slightly negative, mainly due to lower energy and raw 
   food prices. The current account recorded a deficit, mainly due to the trade 
   deficit.
 * Key issues to monitor: The impact of (1) the flooding situation, (2) U.S. tariff
   affecting Thai exports, and (3) government stimulus measures.

**The Thai economy moderately improved in October**. Merchandise exports excluding
gold expanded, led by electronic products. Foreign tourist receipts also increased
in line with higher arrivals. Private Consumption improved, partly supported by 
government measures, which also boosted the service-sector activities. However, 
manufacturing production was broadly unchanged, as higher electronics production
was offset by a decline in petroleum output due to temporary maintenance shutdowns.
Meanwhile, private investment contracted, mainly in machinery and equipment, following
accelerated investment in the previous period.

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**Source** : [https://www.bot.or.th/en/news-and-media/news/news-20251128.html](https://www.bot.or.th/en/news-and-media/news/news-20251128.html?rand=113190)