In March 2025, Thailand experienced a 1% decrease in private investment compared to the previous month, an improvement over February's 1.9% decline. Nonetheless, this marked the second month in a row where private investment waned. This downturn was primarily driven by a reduction in investments in machinery and equipment, evidenced by a decrease in net imports of capital goods, while sales of domestic machinery held steady. Additionally, investment in vehicles declined, as seen in the reduced registrations of passenger cars and pickup trucks. On the other hand, construction investment remained stable, bolstered by an increase in permits for non-residential construction areas. Meanwhile, residential construction faced challenges, impacted by a tepid real estate market.