The University of the Thai Chamber of Commerce's consumer confidence index dropped to 77.7 in May 2019 from 79.2 in the previous period. It was the lowest reading since October 2017, amid a slowdown in economic growth and political uncertainty. The gauge measuring opinion about the political situation fell to the lowest level in five years. In addition, there was a deterioration in sentiment regarding the economy, job search opportunities and future income. Consumer Confidence in Thailand averaged 79.46 Index Points from 1998 until 2019, reaching an all time high of 112.40 Index Points in December of 2003 and a record low of 39.70 Index Points in October of 1998.
Consumer Confidence in Thailand is expected to be 83.60 Index 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 82.90 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 82.90 Index Points in 2020, according to our econometric models.