The University of the Thai Chamber of Commerce’s consumer confidence index rose to a 25-month high of 49.7 in December 2022 from 47.9 in the previous month, prompted by improved economic activity and higher foreign tourist arrivals. The UTCC president noted that the country’s consumer morale will gradually improve, as the faster than expected arrival of Chinese tourists is supporting the economy. Meanwhile, the economy is projected to expand between 3.5% to 4% this year, mainly driven by further improvements in the tourism sector, with an estimated 22-25 million foreign tourist arrivals, of which at least five million are Chinese tourists. source: University of the Thai Chamber of Commerce
Consumer Confidence in Thailand averaged 75.28 points from 1998 until 2022, reaching an all time high of 112.40 points in December of 2003 and a record low of 39.60 points in August of 2021. 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 February of 2023.
Consumer Confidence in Thailand is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Consumer Confidence is projected to trend around 60.00 points in 2024, according to our econometric models.