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September 14, 2023
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Thailand consumer confidence 56.9 in Aug-23



- Thailand's consumer confidence increased to 56.9 in August 2023, reaching its highest level since February 2020.
- Despite this notable improvement, the score remains 18.60 points below the long-run average, indicating the need for further recovery to pre-pandemic levels of consumer confidence.
September 05, 2023
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Thailand CPI inflation 0.88% y-o-y (consensus 0.7) in Aug-23


- Thailand's CPI inflation for August 2023 exceeded market expectations, reaching 0.88% year-on-year and marking the highest growth rate since April 2023.
- Despite this increase, both the headline and core CPI inflation rates remain below their respective average levels, indicating a relatively subdued level of price increases in the economy.
September 01, 2023
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Thailand PMI Manufacturing 48.9 in Aug-23


- The Thailand PMI Manufacturing for Aug-23 declined to 48.9, indicating a contraction in the sector and a loss of momentum compared to the previous reading of 50.7.
- The PMI figure of 48.9 is significantly below the 1-year average of 4.83, signifying a sustained period of below-average performance in the manufacturing sector.
September 01, 2023
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Thailand PMI manufacturing 48.9 in Aug-23



- Thailand's manufacturing PMI contracted to 48.9 in August 2023, the lowest level since August 2021, indicating a decline in the sector.
- The current PMI reading is 4.83 points below the one-year average, suggesting that the challenges faced by the manufacturing sector are more significant compared to the previous year.

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