FX.co ★ Thailand Retail Sales Growth Eases in February

Retail sales in Thailand increased by 20.0% year-on-year in February 2026, a sharp slowdown from the upwardly revised 75.6% surge recorded in January. Despite moderating, this was the sixth consecutive month of expansion.

The deceleration was driven largely by weaker growth in other retail stores (43.0% vs 196.0% in January), especially in the retail sale of new goods in specialized stores (43.0% vs 201.0%). Growth also eased in both non-durable goods (4.6% vs 5.6%) and durable goods (2.5% vs 3.0%), pointing to softer demand in both essential and discretionary categories.

By contrast, activity strengthened in department stores, supermarkets, and general stores, where sales grew by 4.5%, up from 2.3% in the previous month. Sales of motor vehicles and automotive fuel also showed a slight improvement, though they remained in contraction territory (-3.4% vs -5.2%).

On a monthly basis, retail sales fell by 25.5% in February, reversing an upwardly revised 14.3% increase in the prior month.