Thai consumer confidence rose for a seventh straight month in December, reaching a 25-month high, boosted by improved economic activity and higher foreign tourist arrivals, a survey showed on Thursday.
The consumer index of the University of the Thai Chamber of Commerce (UTCC) rose to 49.7 points in December from 47.9 in November.
“We expect consumer confidence will gradually improve, as the faster than expected arrival of Chinese tourists is a factor that is supporting the economy,” UTCC president Thanavath Phonvichai told a briefing.
The economy is expected to grow 3.5% to 4.0% this year, he said.
The economy will…
