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Monday, April 29, 2024

Confidence at 26-month high

Tourists visit Yaowarat in Bangkok’s Chinatown during the Chinese New Year festivities last month. (Photo: Varuth Hirunyatheb)

Consumer confidence rose to the highest level in 26 months in January, driven by the economic recovery, a surge in foreign tourist arrivals and the easing of the pandemic.

The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index increased for the eighth straight month in January tallying 51.7, up from 49.7 in December, 47.9 in November, 46.1 in October, 44.6 in September, 43.7 in August, 42.4 in July, 41.6 in June and 40.2 in May.

The index was 40.7 in April, 42 in March, 43.3 in February and 44.8 in January.

The index is below 100 points because of weak…

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