Regional Economic Confidence Index Up in April Driven by Tourism & Industry

MGR Online•Economy•2d ago

Reader Briefing

Thailand's regional economic confidence is projected to grow in the next six months, primarily fueled by a recovery in tourism and a rebound in the industrial sector.

•The Office of the Fiscal Policy (FPO) has announced the Regional Economic Confidence Index for May 2026.
•The index reflects a positive outlook for the next six months, particularly in the Eastern and Northern regions.
•Key drivers include the tourism sector, supported by promotional measures, and the industrial sector due to seasonal increases in supply chain raw materials.
•Emerging El Niño and Middle East conflict remain potential risks.

Overview

•The Regional Economic Confidence Index for May 2026 is released, reflecting economic trends for the next 6 months.
•The Eastern region's confidence index stands at 73.5, indicating continued economic expansion.
•The Northern region's confidence index is at 67.9, with positive signals from the industrial and service sectors.
•The Southern region's confidence index is 65.3, driven by services and agriculture, boosted by tourism and favorable growing conditions.
•The Northeastern region's confidence index is 63.4, supported by the agricultural season and the start of the tourism season.
•The Western region's confidence index is 61.1, boosted by expected increases in tourism and investments in broiler farming.
•The Central region's confidence index is 57.8, primarily supported by employment policies and the tourism high season.
•The Bangkok and Vicinity confidence index is 57.6, driven by the service and investment sectors.
•The conflict in the Middle East, El Niño phenomenon, and global economic uncertainty are identified as potential risks to confidence.

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Key Entities

Person

Mr. Winij Wisetsuwannaphum(นายวินิจ วิเศษสุวรรณภูมิ)

Spokesperson for the Ministry of Finance and Director of the Fiscal Policy Office.

Organization

Fiscal Policy Office (FPO)(สำนักงานเศรษฐกิจการคลัง (สศค.))

The government agency responsible for economic analysis and policy recommendations.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government ministry responsible for fiscal policy and financial management in Thailand.

Place

Eastern Region(ภาคตะวันออก)

A geographical region in Thailand mentioned for its positive economic outlook.

Northern Region(ภาคเหนือ)

A geographical region in Thailand mentioned for its positive economic outlook and industrial growth.

Eastern Economic Corridor (EEC)(เขตพัฒนาพิเศษภาคตะวันออก (EEC))ℹ️

A special economic zone in Thailand showing positive economic sentiment driven by services and employment.

Southern Region(ภาคใต้)

A geographical region in Thailand with a projected economic expansion supported by tourism and agriculture.

Northeastern Region(ภาคตะวันออกเฉียงเหนือ)

A geographical region in Thailand expected to benefit from the farming season and the start of tourism.

Western Region(ภาคตะวันตก)

A geographical region in Thailand anticipating increased tourism and investment in broiler farming.

Central Region(ภาคกลาง)

A geographical region in Thailand where economic confidence is supported by government employment initiatives and tourism.

Bangkok and Vicinity(กทม. และปริมณฑล)

The capital region of Thailand exhibiting economic growth fueled by the service and investment sectors.

Law

Creative Industry Support Policy (Soft Power)(นโยบายสนับสนุนอุตสาหกรรมเชิงสร้างสรรค์ (Soft power))

A policy aimed at enhancing the value of local products and boosting the Northern region's economy.