Tourists on a cruise on the Chao Phraya River. An increase in foreign tourist arrivals has resulted in higher consumer confidence. Apichart Jinakul
Consumer and business sentiment in December rose to the highest level in three years, driven by Thailand’s economic recovery and a surge in foreign tourist arrivals.
The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index increased for the seventh straight month in December, hitting a 25-month high, tallying 49.7, up from 47.9 in November, 46.1 in October, 44.6 in September, 43.7 in August, 42.4 in July and 41.6 in June.
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