The University of the Thai Chamber of Commerce's consumer dropped to 50.2 in September 2020 from a six-month high of 51.0 a month earlier. This was the first drop in five months, amid political protests, a slowdown in economic recovery, and mounting job losses from the COVID-19 pandemic. In recent months, protesters have rallied against the military-backed government in larger numbers, with the next big protest is set for October, 14th. In Q2 2020, Southeast Asia's second-largest economy shrank by 12.2% yoy, the worst economic downturn since Q2 1998. The university predicts Southeast Asia's second-largest economy to contract between 7-9 percent this year before growing 3-4 percent in 2021. source: University of the Thai Chamber of Commerce
Consumer Confidence in Thailand averaged 78.37 points from 1998 until 2020, reaching an all time high of 112.40 points in December of 2003 and a record low of 39.70 points in October of 1998. This page provides - Thailand Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Consumer Confidence in Thailand is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Thailand to stand at 63.00 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 65.00 points in 2021 and 70.00 points in 2022, according to our econometric models.