Thai Stocks Surge on Better-Than-Expected Q4/68 Economic Growth

Prachachat•Economy•1d ago

Reader Briefing

Thai economic growth in Q4/68 surpassed market expectations, driving positive sentiment for stocks linked to state investment and domestic consumption.

•Thai GDP in Q4/68 grew by 2.5% year-on-year, exceeding market forecasts.
•Recovery in total and public investment has accelerated after several sluggish quarters.
•Private consumption grew by 3.3% year-on-year, boosted by year-end spending, particularly on electric vehicles and healthcare.
•Positive sentiment is expected for Thai stocks in the construction, finance, tourism, and retail sectors.

Overview

•Thai GDP in Q4/68 expanded by 2.5% year-on-year, surpassing market expectations.
•The recovery in total investment and public investment has accelerated after several quarters of stagnation.
•Private consumption grew by 3.3% year-on-year, an acceleration from the previous quarter.
•Year-end spending, especially on electric vehicles before the expiration of measure 3.0, and continued healthcare spending, contributed to the growth in private consumption.
•Positive sentiment is expected for Thai stocks that are linked to state investment and domestic consumption.
•Investors will monitor the sustainability of this economic momentum after short-term stimulus measures end.

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Key Entities

Organization

PI Securities(บล.พาย)

Securities company that analyzed Thai economic performance.

Timeline

2025

The Gregorian year 2025 as indicated in the Thai calendar.

Law

3.0

A specific promotional measure related to electric vehicle purchases.