Thailand Business Sentiment Index fell to 43.5 in April 2026 from 47.7 in the previous month, as Middle East war disruptions weighed on activity. This marked the lowest level since September 2021, led by weakness in production costs (21.6 vs 34.2 in March) and performance (47.0 vs 51.0). Sentiment weakened across overall order books (44.2 vs 47.9), production (48.2 vs 51.3), and investment (49.6 vs 51.8), while export conditions were less negative (46.4 vs 45.5). The manufacturing index weakened, led by the petrochemical and plastics industries, which were particularly hit due to tighter supply of upstream feedstocks. The hotel and restaurant sector also deteriorated, with sentiment falling to its lowest level since the COVID-19 pandemic, driven by reduced long-haul tourist arrivals amid fewer flights, higher airfares, and heightened safety concerns. The 3-month expected BSI dropped to 40.9, reflecting concerns over a potentially prolonged situation. source: Bank of Thailand

Business Confidence in Thailand decreased to 43.50 points in April from 47.70 points in March of 2026. Business Confidence in Thailand averaged 47.99 points from 1999 until 2026, reaching an all time high of 55.70 points in March of 2010 and a record low of 32.60 points in April of 2020. This page provides the latest reported value for - Thailand Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.

Business Confidence in Thailand decreased to 43.50 points in April from 47.70 points in March of 2026. Business Confidence in Thailand is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Business Confidence is projected to trend around 56.00 points in 2027 and 52.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-03 08:00 AM
Business Confidence
Mar 47.7 49.6 44.5
2026-05-06 08:00 AM
Business Confidence
Apr 43.5 47.7 46
2026-06-04 08:00 AM
Business Confidence
May 43.5


Related Last Previous Unit Reference
Business Confidence 43.50 47.70 points Apr 2026
Coincident Index 105.60 106.30 points Mar 2026
Leading Economic Index 162.47 164.92 points Mar 2026
Private Investment MoM -3.50 1.90 percent Mar 2026


Thailand Business Confidence
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.
Actual Previous Highest Lowest Dates Unit Frequency
43.50 47.70 55.70 32.60 1999 - 2026 points Monthly

News Stream
Thailand Business Morale at Over 4-Year Low
Thailand Business Sentiment Index fell to 43.5 in April 2026 from 47.7 in the previous month, as Middle East war disruptions weighed on activity. This marked the lowest level since September 2021, led by weakness in production costs (21.6 vs 34.2 in March) and performance (47.0 vs 51.0). Sentiment weakened across overall order books (44.2 vs 47.9), production (48.2 vs 51.3), and investment (49.6 vs 51.8), while export conditions were less negative (46.4 vs 45.5). The manufacturing index weakened, led by the petrochemical and plastics industries, which were particularly hit due to tighter supply of upstream feedstocks. The hotel and restaurant sector also deteriorated, with sentiment falling to its lowest level since the COVID-19 pandemic, driven by reduced long-haul tourist arrivals amid fewer flights, higher airfares, and heightened safety concerns. The 3-month expected BSI dropped to 40.9, reflecting concerns over a potentially prolonged situation.
2026-05-06
Thailand Business Confidence Declines Amid Middle East Conflict
Thailand’s Business Sentiment Index fell to 47.7 in March 2026, the lowest level in seven months, down from 49.6 in February, as sentiment was weighed down by the impact of the Middle East conflict. Total order books contracted (47.9 vs 52.2) and export conditions weakened (45.5 vs 48.2) while output prices went up (50.6 vs 49.7). The hotel and restaurant sector was particularly hit, with sentiment falling to an eight-month low, owing to cancellations of flight tickets and hotel bookings by Middle Eastern tourists, along with the suspension of direct flights from Middle Eastern airlines to Thailand. Also, the manufacturing index weakened, led by plastics pellets and packaging industries, as the closure of the Strait of Hormuz pushed energy prices higher, affecting transportation costs and imported feed stocks for plastic manufacturing, such as crude oil and naphtha. Also, the 3-month expected BSI dropped to 44.2, reflecting concerns over a potentially prolonged situation.
2026-04-03
Thailand Business Morale Improves in Feburary
Thailand's business confidence indicator rose to 49.6 in February 2026, improving from a three-month low of 49.1 in the previous month. Sentiment strengthened for overall order books (52.2 vs 50.5 in January), investment (52.5 vs 51.4), and employment (50.8 vs 49.1). Meanwhile, sentiment weakened for performance (50.7 vs 51.3) and products (51.4 vs 52.4), while it deteriorated further for production costs (39.5 vs 39.7) and output prices (49.7 vs 49.8). By sector, the manufacturing index increased across nearly all industries, led by steel, which reported stronger demand from both domestic and overseas markets, particularly the US, and the electronics industry, supported by sustained growth in AI-related demand and data centers. The non-manufacturing index remained stable, despite a decline in retail trade, thanks to significant improvements in warehouse sector confidence. The three-month forward-looking sentiment index slightly eased to 52 from 52.3 in the previous month.
2026-03-03