2025年5月，泰国的私人投资环比下降0.6%，扭转了4月份2.9%的增长。这一下降主要是由于国内销售减少以及计算机和外围设备产量下降，导致机械和设备投资疲软。汽车投资保持稳定，乘用车注册量的增加抵消了卡车和皮卡购买量的下降。与此同时，建筑投资没有变化，非住宅活动的增加抵消了住宅项目的减少，特别是独栋房屋和联排别墅。

Private investment in Thailand fell by 0.6% month-on-month in May 2025, reversing a 2.9% rise in April. The decline was primarily driven by weaker investment in machinery and equipment, following reduced domestic sales and lower production of computers and peripherals. Vehicle investment held steady, as a rise in passenger car registrations offset a drop in truck and pickup purchases. Meanwhile, construction investment was unchanged, with increased non-residential activity balancing a decrease in residential projects, particularly in single houses and townhouses.

2025年5月，泰国个人消费环比小幅增长0.2%，从4月份的1.5%下降中反弹。复苏主要得益于耐用品支出的持续增长，特别是乘用车销售。然而，由于泰国和外国游客的消费减少，服务消费下降，特别是酒店和餐厅消费下降，部分抵消了这一影响。由于燃料销售疲软，非耐用品消费下降，而半耐用品支出基本保持不变。由于美国贸易政策的不确定性、国内需求复苏缓慢以及家庭和企业债务水平居高不下，消费者信心继续减弱。

Personal consumption in Thailand edged up by 0.2% month-on-month in May 2025, rebounding from a 1.5% drop in April. The recovery was mainly driven by continued growth in durable goods spending, particularly passenger car sales. However, this was partially offset by a decline in services consumption, particularly in hotel and restaurant segments, amid reduced spending by both Thai and foreign tourists. Non-durable goods consumption declined due to weaker fuel sales, while semi-durable goods spending remained largely unchanged. Consumer confidence continued to weaken, pressured by uncertainty around US trade policy, sluggish domestic demand recovery, and persistently high household and business debt levels.

2025年5月，泰国的经常账户赤字从去年同期的3亿美元急剧扩大到3亿美元。收缩主要是由于净服务、初级收入和次级收入的缺口增加，从去年同期的30.3亿美元增加到36.9亿美元。与此同时，该国贸易顺差为33.7亿美元，比去年5月的29.9亿美元有所扩大，出口增长18.5%，进口增长19.2%。

Thailand’s current account deficit widened sharply to USD 0.3 billion in May 2025 from USD 0.03 billion in the same month of the previous year. The contraction was mainly due to higher shortfalls recorded in net services, primary income, and secondary income, increasing to USD 3.69 billion from USD 3.03 billion from a year earlier. Meanwhile, the country posted a trade surplus of USD 3.37 billion, expanding from a surplus of USD 2.99 billion in May last year, with exports rising 18.5% and imports 19.2%.

2025年4月，泰国零售额同比增长41.4%，高于上个月上调后的32.3%。这标志着自2012年11月以来最强劲的零售销售增长，这得益于政府的刺激措施，如数字钱包计划，旨在通过现金转移促进私人消费。在子组成部分中，其他零售销售额进一步增长（89.1%，而3月份为84%），主要受摊位、市场、邮购店和互联网贸易激增的推动。非耐用品的增长也小幅上升（3.6%对3%），而耐用品（0.3%对2.1%）以及百货商店、超市和杂货店（13.9%对23.3%）的贸易放缓。相比之下，机动车和汽车燃料的销售额下降了（-0.3%对-1%）。零售贸易在3月份增长12.6%后，每月增长19.1%。

Retail sales in Thailand surged 41.4% year-on-year in April 2025, accelerating from an upwardly revised 32.3% in the previous month. This marked the strongest retail sales growth since November 2012, supported by government stimulus measures such as the digital wallet program, aimed at boosting private consumption through cash transfers. Among sub-components, sales rose further for other retail sales (89.1% vs. 84% in March), mainly driven by surging trade via stalls, markets, mail order houses, and the internet. Growth also edged higher for non-durable goods (3.6% vs. 3%), while trade slowed for durable goods (0.3% vs. 2.1%) and at department stores, supermarkets, and general stores (13.9% vs. 23.3%). In contrast, sales declined for motor vehicles and automotive fuel (-0.3% vs. -1%). On a monthly basis, retail trade jumped 19.1%, following 12.6% growth in March.