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Thailand’s Industrial Confidence Index Rises to 90.0 in July
Thailand's industrial sector shows signs of recovery as the confidence index climbs to 90.0, driven by the electric vehicle market and strategic trade efforts.
According to a report from Khaosod Online Thailand, the Federation of Thai Industries (FTI) announced that the Industrial Confidence Index for July 2026 reached 90.0, an increase from 88.2 in the previous month. FTI Secretary-General Panithan Pavarolavidya attributed this growth primarily to the robust expansion of the electric vehicle (EV) market. EV sales in the first half of 2026 surged by 93.07% compared to the same period last year, bolstered by domestic production requirements that have positively impacted the broader supply chain.
For residents and travelers, this economic uptick suggests a more active industrial landscape. The FTI also highlighted that ongoing trade negotiations with major partners like the U.S., the EU, and China are helping to reduce trade barriers for Thai goods. Furthermore, exports of industrial components, such as hard disk drives and automotive parts, continue to show growth in key markets like the U.S. and Japan. Additionally, government measures to utilize refinery surplus profits have lowered retail fuel prices, including diesel, by 2.40 baht per liter as of late July.
While these indicators point toward a positive trend, the FTI continues to advocate for further government support, specifically regarding biofuel promotion, trade risk mitigation, and liquidity assistance for small and medium-sized enterprises (SMEs). The long-term sustainability of this recovery remains to be confirmed as the government evaluates these proposed economic measures.