泰国参议院周二批准了从10月1日开始的财政年度3.78万亿泰铢的预算，缓解了投资者在帕通塔兰·西那瓦被罢免总理后政治不稳定的担忧。上个月，该法案在众议院获得通过，200名参议员中有148票赞成。现在，它正在等待皇室的认可。看守副总理兼财政部长Pichai Chunhavajira表示：“政府将监督支出，以确保其透明、可核查，并实现既定的政策目标，在快速变化的环境中推动国家向前发展。”。该预算约占泰国5500亿美元经济的20%，预计赤字为8600亿泰铢，占国内生产总值的4.3%。

Thailand’s Senate approved on Tuesday a THB 3.78 trillion budget for the fiscal year beginning October 1, easing investor concerns amid political instability following Paetongtarn Shinawatra’s removal as prime minister. The bill passed with 148 votes in favor out of 200 senators, after clearing the House of Representatives last month. It now awaits royal endorsement. “The government will oversee the spending to ensure it is transparent, verifiable, and achieves the set policy goals to move the country forward amid rapidly changing circumstances,” said caretaker Deputy Prime Minister and Minister of Finance Pichai Chunhavajira. The budget represents roughly 20% of Thailand’s USD 550 billion economy and includes a projected deficit of THB 860 billion, or 4.3% of GDP.

泰国旅游部周二表示，2025年前八个月，泰国外国游客人数同比下降7.16%。在此期间，共记录了2190万外国游客，其中中国仍然是最大的客源市场，贡献了310万游客。上个月，国家规划局将全年外国游客入境人数预测从3700万人下调至3300万人。相比之下，在疫情袭击全球旅行之前，泰国在2019年接待了创纪录的4000万游客。最近的数据还显示，泰国经济在2025年第二季度同比增长2.8%，低于第一季度的3.2%。住宿和餐饮服务业明显疲软，第二季度仅增长2.1%，而第一季度为7.2%，主要原因是入境旅游业下降和国内旅游业放缓。第二季度外国游客总数为713.6万人次，比去年同期下降12.2%。与此同时，国内旅游业增长2.1%，低于第一季度的2.6%。

Thailand’s foreign tourist arrivals fell 7.16% yoy in the first eight months of 2025, according to the Tourism Ministry on Tuesday. A total of 21.9 million foreign visitors were recorded during the period, with China remaining the top source market, contributing 3.1 million arrivals. Last month, the state planning agency revised down its full-year forecast for foreign tourist arrivals to 33 million, down from 37 million. For comparison, Thailand welcomed a record 40 million visitors in 2019, before the pandemic hit global travel. Recent data also showed that Thailand's economy grew 2.8% yoy in Q2 2025, easing from 3.2% in Q1. The accommodation and food services sector saw notable weakness, expanding just 2.1% in Q2 compared to 7.2% in Q1, largely due to declining inbound tourism and slower domestic travel. Foreign tourist arrivals in Q2 totaled 7.136 million, down 12.2% from the same quarter last year. Meanwhile, domestic tourism grew by 2.1%, slowing from 2.6% growth in Q1.

泰国商业信心指数从7月份的十个月低点45.8升至2025年8月的47.5。这一改善是由所有组成部分的增长推动的，特别是业绩（48.5比7月的44.3）、产量（47.6比45.1）、就业（49.4比48.6）、投资（51.3比50.6）、整体订单（46.5比45.6）和出口条件（45.8比44.3）。按行业划分，制造业指数小幅上涨，电子行业领涨，该行业企业报告业绩和产量稳步增长。大多数企业的非制造业指数也小幅上涨，酒店和餐馆受益于欧洲暑假期间的强劲需求。对建筑业的信心也有所改善，这得益于公共和非住宅开发项目，如工业区的工厂。展望未来，8月份3个月前瞻性商业信心指数从前一个月的47.9升至六个月来的最高点51.1。

Thailand's business confidence indicator rose to 47.5 in August 2025, from a ten-month low of 45.8 in July. The improvement was driven by increases across all components, specifically performance (48.5 vs 44.3 in July), production (47.6 vs 45.1), employment (49.4 vs 48.6), investment (51.3 vs 50.6), overall order books (46.5 vs 45.6), and export conditions (45.8 vs 44.3). By sector, the manufacturing index inched higher, led by the electronics industry, where firms reported steady gains in performance and production. The non-manufacturing index also edged up across most businesses, with hotels and restaurants benefitting from strong demand during the European summer holiday season. Confidence in the construction sector also improved, supported by both public and non-residential developments such as factories in industrial estates. Looking ahead, the 3-month forward-looking business sentiment index rose to a six-month high of 51.1 in August, from 47.9 in the previous month.

标准普尔全球泰国制造业采购经理人指数从7月的51.9升至2025年8月的52.7，标志着连续第四个月增长，也是自2024年7月以来的最快增速。在新订单稳步增长的支撑下，产量以13个月来最快的速度增长，这是今年迄今为止最强劲的增长。新订单的增加完全是由国内需求推动的，因为新出口订单自4月以来首次下降。作为回应，制造商提高了采购水平，并进一步动用库存来完成订单。然而，人员配备水平停滞不前，导致积压再次增加。谈到价格，尽管投入成本持续下降，但8月份平均销售价格略有上涨。最后，商业信心攀升至近两年半以来的最高水平，这得益于对业务扩张计划和新产品发布的预期，以推动未来一年的增长。

The S&P Global Thailand Manufacturing PMI rose to 52.7 in August 2025 from 51.9 in July, marking the fourth consecutive month of growth and the fastest pace since July 2024. Output expanded at the quickest rate in thirteen months, supported by a solid increase in new orders, the strongest so far this year. The rise in new orders was driven solely by domestic demand, as new export orders fell for the first time since April. In response, manufacturers raised their purchasing levels and further reached into their inventories to fulfil orders. However, staffing levels stalled which contributed to a renewed rise in backlogs. Turning to prices, average selling prices rose slightly in August despite a sustained fall in input costs. Lastly, business confidence climbed to its highest level in nearly two-and-a-half years, underpinned by expectations of business expansion plans and new product launches to drive growth in the year ahead.