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.

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Thailand Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 03:30 AM Nov 47.9 46.1 46.8
2023-01-12 04:00 AM Dec 49.7 47.9 47
2023-02-10 03:00 AM Jan 49.7 50


Related Last Previous Unit Reference
Consumer Confidence 49.70 47.90 points Dec 2022

Thailand Consumer Confidence
In Thailand, the Consumer Confidence Index (CCI) measures consumer’s outlook about current and future economic conditions, job prospects and income expectations. The index is based on a survey of around 2440 households. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.
Actual Previous Highest Lowest Dates Unit Frequency
49.70 47.90 112.40 39.60 1998 - 2022 points Monthly

News Stream
Thailand Consumer Morale Hits 25-Month High
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 a higher number of foreign tourist arrivals. The UTCC president noted that the country’s consumer morale would gradually lift as the faster-than-expected flow of Chinese visitors supports the economy. Overall, the economy is projected to expand between 3.5% to 4% this year, mainly driven by further surges in the tourism sector, with an estimated 22-25 million foreign tourist arrivals, of which at least five million - Chinese.
2023-01-12
Thailand Consumer Morale at 20-Month High
The University of the Thai Chamber of Commerce’s consumer confidence index rose to a 20-month high of 47.9 in November 2022 from 46.1 in the previous month, boosted by further improvements in economic activity as COVID-19 restrictions eased and higher foreign tourist arrivals. Thailand’s central bank projected that the country’s economy will expand by 3.2% this year, supported by the tourism sector and rise in private consumption. In Q3, the economy advanced by 1.2%, on the back of growth in household spending and robust fixed investment. Meanwhile, fiscal and monetary policy will be integrated to support the recovery after the Bank of Thailand hiked policy rates by 25 basis points thrice, in August, September and November.
2022-12-08
Thailand Consumer Morale Rises to 10-Month High
The University of the Thai Chamber of Commerce's consumer confidence index increased to a ten-month high of 46.1 in October 2022 from 44.6 a month earlier, boosted by further improvement in economic activity as domestic COVID infections remained under control. Thailand's central bank recently mentioned that the country's economy to expand by 3.3% this year, supported by strong consumption and a rebound in tourism. In Q2, the economy advanced for the third straight quarter, with the rate of growth the fastest in a year, as solid private consumption offset a fall in fixed investment and a negative contribution from net trade. Meantime, fiscal and monetary policy will be integrated to support the recovery after the Bank of Thailand hiked policy rates by 25 basis points twice, in August and September.
2022-11-10