Thailand Personal Spending Largest Since 2022

2026-01-30 07:48 By Kyrie Dichosa 1 min. read

Private consumption indicators in Thailand climbed 2.5% month-on-month in December 2025, rebounding from a 0.3% fall in November and marking the sharpest rise since April 2022.

Gains were broad-based across all spending categories, with growth in services spending led by hotels and restaurants, partly supported by government stimulus measures.

Durable goods consumption also strengthened, driven by higher vehicle sales, including accelerated electric-vehicle purchases ahead of the EV 3.0 scheme expiration and new model launches at the Motor Expo.

Spending on non-durable goods increased, reflecting higher fuel sales and consumer goods purchases, while semi-durable goods were supported by stronger imports of textiles and apparel.

Looking ahead, momentum warrants close monitoring amid still-fragile purchasing power, potential normalization of vehicle purchases, and a decline in consumer confidence from the previous month.



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Thailand Personal Spending Largest Since 2022
Private consumption indicators in Thailand climbed 2.5% month-on-month in December 2025, rebounding from a 0.3% fall in November and marking the sharpest rise since April 2022. Gains were broad-based across all spending categories, with growth in services spending led by hotels and restaurants, partly supported by government stimulus measures. Durable goods consumption also strengthened, driven by higher vehicle sales, including accelerated electric-vehicle purchases ahead of the EV 3.0 scheme expiration and new model launches at the Motor Expo. Spending on non-durable goods increased, reflecting higher fuel sales and consumer goods purchases, while semi-durable goods were supported by stronger imports of textiles and apparel. Looking ahead, momentum warrants close monitoring amid still-fragile purchasing power, potential normalization of vehicle purchases, and a decline in consumer confidence from the previous month.
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