The University of the Thai Chamber of Commerce’s consumer confidence index increased for the ninth month to 52.6 in February 2023 from 51.7 in January. The latest figure marked the highest reading in three years, prompted by the recovery in the tourism sector, government stimulus measures, and weak baht. For 2022, the country’s GDP growth forecast was revised lower to 2.6% from 3.2%, affected by the severe slowdown in exports amid poor global demand. Also, the economic outlook for 2023 was revised downwards to expand between 2.7% to 3.7%, compared to previous estimates of 3% to 4%. source: University of the Thai Chamber of Commerce

Consumer Confidence in Thailand averaged 75.12 points from 1998 until 2023, reaching an all time high of 112.40 points in December of 2003 and a record low of 39.60 points in August of 2021. This page provides - Thailand Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Consumer Confidence in Thailand is expected to be 46.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Consumer Confidence is projected to trend around 60.00 points in 2024 and 75.00 points in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Thailand Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-02-09 04:00 AM Jan 51.7 49.7 50
2023-03-09 03:00 AM Feb 52.6 51.7 52
2023-04-07 03:00 AM Mar 52.6 46


Related Last Previous Unit Reference
Consumer Confidence 52.60 51.70 points Feb 2023

Thailand Consumer Confidence
In Thailand, the Consumer Confidence Index (CCI) measures consumer’s outlook about current and future economic conditions, job prospects and income expectations. The index is based on a survey of around 2440 households. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.
Actual Previous Highest Lowest Dates Unit Frequency
52.60 51.70 112.40 39.60 1998 - 2023 points Monthly

News Stream
Thailand Consumer Mood Highest in 3 Years
The University of the Thai Chamber of Commerce’s consumer confidence index increased for the ninth month to 52.6 in February 2023 from 51.7 in January. The latest figure marked the highest reading in three years, prompted by the recovery in the tourism sector, government stimulus measures, and weak baht. For 2022, the country’s GDP growth forecast was revised lower to 2.6% from 3.2%, affected by the severe slowdown in exports amid poor global demand. Also, the economic outlook for 2023 was revised downwards to expand between 2.7% to 3.7%, compared to previous estimates of 3% to 4%.
2023-03-09
Thailand Consumer Morale at Near 3-Year High
The University of the Thai Chamber of Commerce’s consumer confidence index rose to 51.7 in January 2023 from 49.7 in the previous month. It was the highest reading since February 2020, amid the tax deduction scheme of the government and improved economic activity. Moreover, the number of foreign tourist arrivals increased, boosted by the relaxation of international travel measures in China. For 2022, Thailand’s economy is expected to grow 3%, revised lower from the previous projection of 3.4%. However, it is projected to recover and expand between 3.3% to 4.3% in 2023, supported by the tourism sector and recovering domestic demand.
2023-02-09
Thailand Consumer Morale Hits 25-Month High
The University of the Thai Chamber of Commerce’s consumer confidence index rose to a 25-month high of 49.7 in December 2022 from 47.9 in the previous month, prompted by improved economic activity and a higher number of foreign tourist arrivals. The UTCC president noted that the country’s consumer morale would gradually lift as the faster-than-expected flow of Chinese visitors supports the economy. Overall, the economy is projected to expand between 3.5% to 4% this year, mainly driven by further surges in the tourism sector, with an estimated 22-25 million foreign tourist arrivals, of which at least five million - Chinese.
2023-01-12