Consumer confidence in Thailand reached highest level in 47 months in Jan.

In January, consumer confidence in Thailand reached its highest level in 47 months, driven by the ongoing economic recovery.

The consumer confidence index rose for a sixth consecutive month, reaching 62.9, up from 62.0 in December.

Key Points

• Consumer confidence in Thailand reached its highest level in 47 months, driven by economic recovery and improved domestic consumption.
• The overall economy in January showed positive signs, with growth in tourism, private consumption, and merchandise exports, but a slowdown in private investment.
• Despite stable public debt and international reserves, there are concerns about the manufacturing sector, reflected in declining commercial vehicle sales and domestic cement sales.

This positive trend is attributed to improved domestic consumption, reflected in rising passenger car sales and other indicators.

• Domestic Consumption: Passenger car sales increased…