Thai Consumer Confidence Soars to 46-Month High

Thai consumer confidence reached its highest level in 46 months in December, according to a survey by the University of the Thai Chamber of Commerce (UTCC).

• Thai consumer confidence reached a 46-month high in December, driven by government measures to reduce living costs and increased tourism.
• The government’s digital wallet handout program, along with calls to cut interest rates, are aimed at boosting the economy and supporting small businesses and lower-income individuals.
• The government aims to achieve a minimum annual economic growth of 5%, with a forecasted growth of 2.4% in 2023.

The increase in consumer confidence is attributed to government measures to ease living costs and increased tourism. The government’s plans to boost the economy, including a digital wallet handout program and a call to cut interest rates, are expected to further increase consumer confidence.

Consumer…