The University of the Thai Chamber of Commerce's consumer confidence index fell to 43.1 in June 2021 from 44.7 a month earlier. This was the lowest reading since at least November 1998, amid the spread of the Delta variant of COVID-19 in Thailand and the low rate of vaccinations as so far only about 4% of its 69 million people have received at least one dose. Meanwhile, hospitals in the country reportedly have already run out of beds for critically ill patients after a 10-fold surge in infections since early April. In Q4 2020, Southeast Asia's second-largest economy shrank by 4.2 percent yoy, slowing from a 6.4 percent plunge in Q3, due to efforts from the government and the central bank to mitigate the economic fallout from the pandemic. source: University of the Thai Chamber of Commerce
Consumer Confidence in Thailand averaged 77.37 points from 1998 until 2021, 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 July of 2021.
Consumer Confidence in Thailand is expected to be 55.00 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 65.00 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 70.00 points in 2022, according to our econometric models.