Thailand Retail Sales Soar to Strongest Since 1999

Retail sales in Thailand rose by 15.5% year-on-year in November 2025, easing from an upwardly revised 66.8% climb in the previous month. This marked the third consecutive month of growth, albeit at a softer pace, as sales growth moderated in other retail stores (37.4% vs 134.4% in October) and non-durable goods (4.6% vs 5.6%), particularly in pharmaceutical and medical goods. At the same time, trade declined in durable goods (-1.5% vs 0.5%) and motor vehicles and automotive fuel (- 6.9% vs -1.5%). Meanwhile, activity increased in department stores, supermarkets, and general stores (5.1% vs 2%). On a monthly basis, retail sales dropped sharply by 35% in November, following an upwardly revised 27.1% growth in the preceding period.

Retail sales in Thailand climbed by 66.5% year-on-year in October 2025, following an upwardly revised 50% jump in the previous month. This marked the strongest growth since December 1999, driven by a sharp increase in sales of other retail items (113.8% vs 99% in September), particularly new goods in specialized stores and online/mail-order sales. Additionally, trade growth accelerated for non-durable goods (5.4% vs 3.9%), especially for tobacco products in specialized stores. On the other hand, activity declined for motor vehicles and automotive fuel (-1.8% vs 3.9%), while slower sales increases were seen in department stores, supermarkets, and general stores (1.9% vs 22.4%) and durable goods (0.2% vs 1.5%). On a monthly basis, retail activity grew by 26.9% in October, easing from a 45.9% rise in the preceding period.

Retail sales in Thailand surged by 49.8% year-on-year in September 2025, accelerating from a downwardly revised 5.2% increase in the previous month. This was the strongest growth since December 1999, driven by a sharp jump in sales of other retail items (98.9% vs -12.7% in August), particularly new goods in specialized stores and online/mail-order sales. Trade also rose more quickly for non-durable goods (3.4% vs 1.3%), while growth remained strong for department stores, supermarkets, and general stores (22.3% vs 23.5%). Meanwhile, sales rebounded for durable goods (1.2% vs -1.2%) and for motor vehicles and automotive fuel (3.6% vs -4.1%). Month-on-month, retail trade jumped 45.7%, a strong recovery from the 4.9% decline in August.