Thailand’s business confidence indicator fell to 48.1 in September 2026 from 49.8 in the previous month, remaining below the 50 threshold for the ninth straight month. Sentiment weakened across performance (50.2 vs 53 in August), production (51.5 vs 54.5), and employment (50.3 vs 51.6). By sector, confidence in manufacturing declined, led by agricultural product manufacturers amid El Niño-induced drought conditions. The non-manufacturing index remained below the 50 threshold for the tenth consecutive month, particularly in transportation, which was affected by higher diesel prices following renewed Middle East tensions, as well as retail trade, due to lower orders for consumer goods and fading effects of government measures. Lastly, sentiment in the automotive industry weakened, particularly among auto parts manufacturers, as rising EV imports reduced demand for domestically produced parts. The three-month expected Business Sentiment Index edged up to 50.8 from 50.5 in August. source: Bank of Thailand

Business Confidence in Thailand decreased to 48.10 points in September from 49.80 points in August of 2026. Business Confidence in Thailand averaged 47.97 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 October of 2026.

Business Confidence in Thailand decreased to 48.10 points in September from 49.80 points in August of 2026. Business Confidence in Thailand is expected to be 48.00 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 51.00 points in 2027 and 52.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-02 08:00 AM
Business Confidence
Aug 49.8 46.7 47.2
2026-10-02 08:00 AM
Business Confidence
Sep 48.1 49.8 49.6
2026-11-03 08:00 AM
Business Confidence
Oct 48.1


Related Last Previous Unit Reference
Business Confidence 48.10 49.80 points Sep 2026
Coincident Index 107.60 107.50 points Aug 2026
Leading Economic Index 167.44 169.91 points Aug 2026
Private Investment MoM 2.20 -0.30 percent Aug 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
48.10 49.80 55.70 32.60 1999 - 2026 points Monthly

News Stream
Thailand Business Confidence Remains Subdued
Thailand’s business confidence indicator fell to 48.1 in September 2026 from 49.8 in the previous month, remaining below the 50 threshold for the ninth straight month. Sentiment weakened across performance (50.2 vs 53 in August), production (51.5 vs 54.5), and employment (50.3 vs 51.6). By sector, confidence in manufacturing declined, led by agricultural product manufacturers amid El Niño-induced drought conditions. The non-manufacturing index remained below the 50 threshold for the tenth consecutive month, particularly in transportation, which was affected by higher diesel prices following renewed Middle East tensions, as well as retail trade, due to lower orders for consumer goods and fading effects of government measures. Lastly, sentiment in the automotive industry weakened, particularly among auto parts manufacturers, as rising EV imports reduced demand for domestically produced parts. The three-month expected Business Sentiment Index edged up to 50.8 from 50.5 in August.
2026-10-02
Thailand Business Confidence at 8-Month High
Thailand’s Business Sentiment Index rose to 49.8 in August 2026, improving from 46.7 in the previous month but remaining below the 50 threshold for the ninth consecutive month. This marked the highest reading since December 2025, as confidence strengthened across production (54.5 vs 48.6), total order books (51.2 vs 47.5), and performance (53 vs 50). By sector, the nonmanufacturing index improved, led by hotels and restaurants, as foreign tourist arrivals from China and Europe gradually increased. Trade sentiment also strengthened, particularly in FMCG, although weak domestic purchasing power kept spending focused on essentials. Manufacturing confidence rose, led by processed rubber as firms stocked up on raw materials amid El Niño concerns, while plastic packaging and food and beverage also improved. Meanwhile, the three-month expected Business Sentiment Index slipped slightly to 50.5 from 50.7.
2026-09-02
Thailand Business Morale at 4-Month High
Thailand’s Business Sentiment Index rose to 46.7 in July 2026 from 46.1 in June, the highest reading in four months.The improvement was driven mainly by stronger sentiment in the non-manufacturing sector, supported by lower fuel costs and increased flight services, while gains were partly offset by weaker confidence in manufacturing amid concerns over US import tariffs. Sentiment improved for business performance (50.0 vs 49.3) and investment (51.2 vs 50.7), while expectations for production (48.6 vs 51.9), employment (48.9 vs 50.2), and total order books (47.5 vs 48.1) turned less optimistic. Meanwhile, manufacturing confidence weakened, led by lower order books in the home electrical appliance industry. High production costs remained the top business constraint for the fifth straight month, while inflation expectations for the next 12 months eased slightly to 2.6%. Moreover, the three-month expected Business Sentiment Index rose to 50.7 from 48.0.
2026-08-03