The University of the Thai Chamber of Commerce's consumer confidence index dropped to 75.0 in July 2019 from 76.4 in the previous month. This marked the weakest reading since September 2017, amid concerns over political uncertainty, domestic economic problem and rising global trade tensions. In the March quarter 2019, Southeast Asia's second-biggest economy grew 2.8 percent year-on-year, the weakest expansion in over four years. Consumer Confidence in Thailand averaged 79.43 Index Points from 1998 until 2019, reaching an all time high of 112.40 Index Points in December of 2003 and a record low of 39.70 Index Points in October of 1998.
Consumer Confidence in Thailand is expected to be 83.70 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Thailand to stand at 83.00 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 82.90 Index Points in 2020, according to our econometric models.