Thailand’s Economy Eases in February as Post-Holiday Tourism Slows
Bangkok : Thailand’s economy experienced a modest slowdown in February, driven by a dip in tourism, weakening manufacturing output, and reduced private investment, the Bank of Thailand reported on Monday.
According to Pranee Sutthasri, Senior Director at the central bank, a notable decline in foreign tourist arrivals and tourism-related revenues was observed following a surge during the Chinese New Year holiday. Safety concerns and a seasonal drop-off contributed to the slowdown in travel activity.
“The decline in visitor numbers impacted service sectors closely tied to tourism, particularly hotels, restaurants, and passenger transport,” Pranee said during a press briefing.
The country’s manufacturing-related service activities also contracted, reflecting weaker domestic sales of consumer goods and a decline in industrial production. Freight and trade services were among the hardest hit.
Despite the softening overall outlook, February saw some bright spots. Exports improved across several categories, including automobiles, electronics, and precious metals. Private consumption also showed signs of recovery, while government expenditure continued its upward trajectory.
Looking ahead, the central bank expects tourism and services to remain key drivers of economic growth. However, Pranee cautioned that structural challenges, global competition, and trade policy uncertainties will continue to weigh on sectors like industrial production and merchandise exports.
-Agency
