Thailand Business Confidence

Last Release

May 31, 2025

Actual

46.7

Units In

Points

47.1

Frequency

Monthly

Next Release

Jul 02, 2025

Time to Release

25 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
55.7 Mar 2010	32.6 Apr 2020	47.99 Points	1999-2025	Bank of Thailand

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.

Latest Updates

Thailand's business confidence indicator fell to 46.7 in May 2025 from 47.1 in the previous month, marking its lowest level since September 2024. The decline reflected growing concerns across several key areas, particularly in production (48.5 vs 47.3), with sharp contractions in the electric appliance and food industries due to postponed orders as trading partners reassess the impact of upcoming tariffs. Moreover, confidence continued to deteriorate in overall order books (44.4 vs 45.9) and export conditions (43.7 vs 46.4), while investment sentiment also weakened (51.2 vs 52.6). Meanwhile, there was a modest improvement in employment sentiment (49.5 vs 48.1), providing a slight counterbalance. Looking ahead, the three-month forward-looking business sentiment index rose to 49.4 from 48.9 in April 2025.