FX.co ★ Thailand Personal Spending Returns to Fall

Private consumption in Thailand experienced a 0.3% decline month-on-month in November 2025, a shift from the 1.3% growth observed in October. This downturn was principally attributed to a reduction in spending on non-durable goods, evidenced by decreased fuel sales and lower electricity usage. Meanwhile, spending on durable goods also witnessed a downturn, as reflected by the decrease in motorcycle registrations and passenger car sales. In contrast, expenditure on services continued an upward trend, buoyed by increased activity in the hotel and restaurant sectors, driven by higher foreign tourism receipts and the beneficial impact of government stimulus measures. Additionally, spending on consumer goods saw an increase, and consumer confidence continued to show improvement.