Consumer confidence in Thailand has been on a steady rise, marking its sixth successive month of growth last month in January. Levels have reached a high unseen since March 2020, attributed to the government’s strategic stimulus measures, including spending boosts and reductions in electricity and fuel prices.
Yesterday’s report from the University of the Thai Chamber of Commerce (UTCC) revealed a climb in the consumer confidence index to 62.9 in January from 62.0 in December. This follows a consistent upward trend from 60.9 in November, 60.2 in October, 58.7 in September, 56.9 in August and 55.6 in July, said UTCC President Thanavath Phonvichai.
“People are starting to see a gradual improvement in the economy, driven by the recovery of domestic tourism, expansion of exports and improved crop prices.”
Thanavath further…
