Weak economy in 2024

Difficult year for DIY retailers in Thailand

(Source: Pexels)
07.04.2025

All three major Thai DIY groups - Siam Global House, DoHome and Thai Watsadu - ended 2024 with stagnating sales. A high household debt ratio, a weak economy compared to neighbouring countries and hesitant government investment, particularly in the construction sector, are causing problems for the country's home improvement industry.

Our Southeast Asia correspondent Jennee Grace U Rubrico analyses the situation. You can read her detailed report in the DIY+ section.

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