Consumer confidence rose for the 10th straight month in March, reaching the highest level in 37 months, boosted by the positive impact of easing Covid-19 outbreaks and the recovery of domestic tourism, which has left consumers feeling happier and more optimistic.
The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose to 53.8 in March, up from 52.6 in February and 51.7 in January.
The index is below 100 points because of weak purchasing power and ongoing concerns about the high costs of living, according to the university.
Thanavath Phonvichai, president of UTCC, said the index edged up in March as consumers believe the economy is starting to recover following a clear uptick from Thai and foreign tourists, especially among…
