Thai consumer confidence rose for a second straight month

Thai consumer confidence has increased for the second consecutive month in September, driven by government stimulus initiatives and an uptick in foreign tourists.

According to the ​University of the Thai Chamber of Commerce, the consumer index rose to 58.7 in September, up from 56.9 in August.

Key Takeaways

• ​Thai consumer confidence rose in September due to ​government stimulus policies and higher foreign tourist numbers.
• The consumer index increased from 56.9 in August to 58.7 in September.
• Consumers are more confident following the formation of a new government and its approval of policies to boost the ​economy.

The formation of a new government in August and their approval of policies aimed at strengthening the economy and reducing the ​cost of living have contributed to improving consumer sentiment.

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The government has also planned to implement new measures, such as a 10,000 baht handout via a digital wallet, to stimulate the sluggish economy. However, concerns remain about the global economic slowdown and higher interest rates impacting the demand for Thai exports.