January data highest since March 2020
Consumer confidence rose for a sixth consecutive month in January, reaching the highest level in 47 months since March 2020, propped up by the government’s stimulus measures to propel spending and reduce electricity and fuel prices.
The University of the Thai Chamber of Commerce (UTCC) reported on Tuesday the consumer confidence index rose to 62.9 in January, up from 62.0 in December, 60.9 in November, 60.2 in October, 58.7 in September, 56.9 in August and 55.6 in July.
“People are starting to see a gradual improvement in the economy, driven by the recovery of domestic tourism, expansion of exports and improved crop prices,” said Thanavath Phonvichai, president of the UTCC.
“When the fiscal 2024 budget disbursement starts in the second quarter, consumer confidence is…
