泰国宪法法院周二暂停了总理帕通塔兰·西那瓦（Paetongtarn Shinawatra）在任期仅10个月后的职务，等待她被解职的案件。法院接受了36名参议员的请愿书，指控她在与柬埔寨前领导人洪森的政治敏感电话泄露事件中不诚实并违反了道德标准。在案件审查期间，副总理Suriya Juangroongruangkit将担任看守总理。改组后将继续留在内阁担任新文化部长的Paetongtarn有15天的时间对法院作出回应。泄露的谈话引发了国内的强烈反对，并在一个关键政党退出后进一步削弱了她脆弱的联盟，预计将呼吁进行不信任投票。与此同时，抗议团体要求她辞职，这增加了已经处于政治压力之下的政府的压力。

Thailand’s Constitutional Court on Tuesday suspended Prime Minister Paetongtarn Shinawatra from duty just 10 months into her term, pending a case seeking her dismissal. The court accepted a petition from 36 senators accusing her of dishonesty and violating ethical standards over the leak of a politically sensitive phone call with Cambodia’s former leader Hun Sen. Deputy Prime Minister Suriya Juangroongruangkit will serve as caretaker premier while the case is reviewed. Paetongtarn, who will remain in the cabinet as the new culture minister following a reshuffle, has 15 days to respond to the court. The leaked conversation sparked domestic backlash and further weakened her fragile coalition after a key party exited and is expected to call for a no-confidence vote. Meanwhile, protest groups are demanding her resignation, increasing pressure on a government already under political strain.

标准普尔全球泰国制造业采购经理人指数从5月份的51.2微升至2025年6月的51.7，标志着连续第二个月增长，也是自2024年8月以来最强劲的扩张。在包括国外在内的更多新工作流入的支持下，产出增长加速至近一年来的最高点。作为回应，商品生产商四个月来首次提高了采购活动，导致投入库存第二个月上升。然而，在经历了两个月的增长后，成品库存略有下降，因为企业越来越不愿意持有额外的库存用于销售。随着商业信心的减弱，在连续两个月创造就业机会后，就业水平也停滞不前。尽管制造商在6月份保持了高于平均水平的乐观情绪，但这是一年多以来的最低水平，因为一些公司开始担心增长前景。关于价格，投入成本自1月以来首次上涨，导致销售价格通胀加剧。

The S&P Global Thailand Manufacturing PMI edged up to 51.7 in June 2025 from 51.2 in May, marking the second consecutive month of growth and the strongest expansion since August 2024. Output growth accelerated to a near one-year high, supported by greater new work inflows, including from abroad. In response, goods producers raised their purchasing activity for the first time in four months, resulting in a second monthly rise in input inventories. However, stocks of finished goods fell slightly after two months of growth, as firms grew reluctant to hold additional inventory for sales. Employment levels also stalled, following two straight months of job creation, as business confidence softened. While manufacturers maintained an above-average level of optimism in June, it was the lowest recorded in just over a year as some firms became concerned with the outlook for growth. Regarding prices, input costs rose for the first time since January, leading to higher selling price inflation.

2025年5月，泰国的私人投资环比下降0.6%，扭转了4月份2.9%的增长。这一下降主要是由于国内销售减少以及计算机和外围设备产量下降，导致机械和设备投资疲软。汽车投资保持稳定，乘用车注册量的增加抵消了卡车和皮卡购买量的下降。与此同时，建筑投资没有变化，非住宅活动的增加抵消了住宅项目的减少，特别是独栋房屋和联排别墅。

Private investment in Thailand fell by 0.6% month-on-month in May 2025, reversing a 2.9% rise in April. The decline was primarily driven by weaker investment in machinery and equipment, following reduced domestic sales and lower production of computers and peripherals. Vehicle investment held steady, as a rise in passenger car registrations offset a drop in truck and pickup purchases. Meanwhile, construction investment was unchanged, with increased non-residential activity balancing a decrease in residential projects, particularly in single houses and townhouses.

2025年5月，泰国个人消费环比小幅增长0.2%，从4月份的1.5%下降中反弹。复苏主要得益于耐用品支出的持续增长，特别是乘用车销售。然而，由于泰国和外国游客的消费减少，服务消费下降，特别是酒店和餐厅消费下降，部分抵消了这一影响。由于燃料销售疲软，非耐用品消费下降，而半耐用品支出基本保持不变。由于美国贸易政策的不确定性、国内需求复苏缓慢以及家庭和企业债务水平居高不下，消费者信心继续减弱。

Personal consumption in Thailand edged up by 0.2% month-on-month in May 2025, rebounding from a 1.5% drop in April. The recovery was mainly driven by continued growth in durable goods spending, particularly passenger car sales. However, this was partially offset by a decline in services consumption, particularly in hotel and restaurant segments, amid reduced spending by both Thai and foreign tourists. Non-durable goods consumption declined due to weaker fuel sales, while semi-durable goods spending remained largely unchanged. Consumer confidence continued to weaken, pressured by uncertainty around US trade policy, sluggish domestic demand recovery, and persistently high household and business debt levels.