泰国SET50指数 (SET50) 加自选

泰国2026财年3.78万亿泰铢的预算在周六通过了第一次议会投票，但在颁布之前必须清除进一步的障碍。经过四天的辩论，该法案以322票赞成、158票反对获得通过。虽然为泰党领导的政府占多数，但联盟紧张局势依然存在。该预算旨在支持泰国在美国高额关税下苦苦挣扎的经济。失败可能会迫使总理帕通塔兰·西那瓦辞职或解散议会，从而引发大选。该法案仍将在下议院进行二读和三读，预计将于8月在参议院和王室批准之前进行。2026财政年度从10月1日开始。

Thailand’s THB 3.78 trillion budget for the 2026 fiscal year cleared its first parliamentary vote on Saturday but must clear further hurdles before enactment. Following a four-day debate, the bill passed with 322 votes in favor and 158 against. While the Pheu Thai Party-led government holds a majority, coalition tensions persist. The budget aims to support Thailand’s struggling economy amid steep U.S. tariffs. A defeat could have forced Prime Minister Paetongtarn Shinawatra to resign or dissolve parliament, triggering a general election. The bill still faces second and third readings in the lower house, expected in August, before Senate and royal approval. The 2026 fiscal year begins on October 1.

2025年4月，泰国的私人投资环比增长2.9%，从前一个月1.0%的下降反弹，标志着自2024年10月以来最强劲的增长。复苏主要是由于对机械和设备的投资增加，以及资本货物进口的增加，特别是计算机、办公设备和电气设备。此外，车辆投资有所改善，乘用车注册量增加，飞机、船舶和机车支出增加。另一方面，建设投资保持稳定。虽然住宅建设显示出改善的迹象，但非住宅建设有所下降，主要是由于酒店开发放缓。

Private investment in Thailand increased by 2.9% month-over-month in April 2025, rebounding from a 1.0% fall in the previous month and marking the strongest growth since October 2024. The recovery was primarily driven by increased investment in machinery and equipment, supported by a rise in imports of capital goods—particularly computers, office equipment, and electrical devices. In addition, investment in vehicles improved, with higher registrations of passenger cars and greater spending on aircraft, ships, and locomotives. On the other hand, construction investment remained stable. While residential construction showed signs of improvement, non-residential construction declined, largely due to a slowdown in hotel development.

2025年4月，泰国的个人消费环比下降1.5%，较上月0.5%的降幅进一步下滑。收缩的主要原因是服务业支出下降，主要是由于泰国国内外游客的支出减少。另一方面，耐用品消费增长，主要得益于泰国国际车展期间乘用车销量的增加。此外，在消费品、饮料以及进口纺织品和服装销售增加的推动下，非耐用品和半耐用品的支出略有上升。与此同时，由于对美国贸易政策的担忧加剧、旅游业放缓以及家庭和企业债务水平居高不下，消费者信心减弱。

Personal consumption in Thailand fell by 1.5% month-on-month in April 2025, slipping further from a 0.5% drop in the previous month. The contraction was primarily driven by a decline in service sector spending, largely due to reduced expenditure by Thai tourists both domestically and abroad. On the other hand, consumption of durable goods rose, mainly supported by increased passenger car sales during the Thailand International Motor Show. In addition, spending on non-durable and semi-durable goods saw a modest uptick, driven by higher sales of consumer products, beverages, and imported textiles and apparel. Meanwhile, consumer confidence softened amid mounting concerns over US trade policies, a slowdown in the tourism sector, and persistently high household and business debt levels.

2025年4月，泰国工业生产同比增长2.17%，高于前一个月修正后的0.05%的增长，并打破了市场3%的下降预期。这标志着工业活动连续第二个月上升，主要原因是食品（7.99%）、服装和服饰（9.82%）、基础钢铁（8.09%）、汽车制造（1.34%）以及电子元件和电路板（0.33%）的产量增加。相比之下，炼油产量下降（-3.84%）。经季节性调整的月度数据显示，4月份工业生产增长2.92%，3月份修正后增长1.74%。

Thailand's industrial production grew by 2.17% year-on-year in April 2025, accelerating from a revised 0.05% rise in the previous month and defying market expectations of a 3% decline. This marked the second consecutive month of rising industrial activity, driven by increases in the production of food products (7.99%), clothing and apparel (9.82%), basic iron and steel (8.09%), automotive manufacturing (1.34%), and electronic components and circuit boards (0.33%). In contrast, output in petroleum refining declined (-3.84%). On a seasonally adjusted monthly basis, industrial production climbed by 2.92% in April, following a revised 1.74% gain in March.