The University of the Thai Chamber of Commerce’s consumer confidence index increased to 62.9 in January 2024 from 62.0 in the previous month. It was the sixth consecutive month of improving consumer confidence and the highest reading since February 2020, boosted by government policy measures and surging foreign visitors. The government introduced policy measures to stimulate the economy by decelerating costs of living, like fuel and electricity prices measures. Foreign tourist arrivals in January jumped to nearly 4 million. The government is targeting 35 million foreign tourists in 2024, up from an estimated 28 million visitors last year. source: University of the Thai Chamber of Commerce

Consumer Confidence in Thailand increased to 62.90 points in January from 62 points in December of 2023. Consumer Confidence in Thailand averaged 74.51 points from 1998 until 2024, 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 2024.

Consumer Confidence in Thailand increased to 62.90 points in January from 62 points in December of 2023. Consumer Confidence in Thailand is expected to be 64.00 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 55.00 points in 2025, according to our econometric models.

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Thailand Consumer Confidence


Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-11 04:00 AM
Consumer Confidence
Dec 62 60.9 61
2024-02-13 04:00 AM
Consumer Confidence
Jan 62.9 62 61
2024-03-08 04:00 AM
Consumer Confidence
Feb 62.9 62.7


Related Last Previous Unit Reference
Consumer Confidence 62.90 62.00 points Jan 2024
Retail Sales YoY 13.37 11.38 percent Dec 2023
Consumer Spending 1638710.00 1638027.00 THB Million Dec 2023
Disposable Personal Income 9560494.00 9330382.00 THB Million Dec 2021
Personal Savings 2.00 10.40 percent Dec 2022
Bank Lending Rate 7.00 7.00 percent Jan 2024
Personal Spending 0.00 0.10 percent Jan 2024
Consumer Credit 5479230.00 5439190.00 THB Million Dec 2023
Gasoline Prices 1.25 1.27 USD/Liter Nov 2023
Households Debt to GDP 91.50 91.60 percent of GDP Jun 2023
Consumer Confidence Unemployment Expectations 70.00 70.90 Jun 2017
Consumer Confidence Current Conditions 52.90 53.70 Jun 2017

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
62.90 62.00 112.40 39.60 1998 - 2024 points Monthly

News Stream
Thailand Consumer Morale Highest in Near 4 Years
The University of the Thai Chamber of Commerce’s consumer confidence index increased to 62.9 in January 2024 from 62.0 in the previous month. It was the sixth consecutive month of improving consumer confidence and the highest reading since February 2020, boosted by government policy measures and surging foreign visitors. The government introduced policy measures to stimulate the economy by decelerating costs of living, like fuel and electricity prices measures. Foreign tourist arrivals in January jumped to nearly 4 million. The government is targeting 35 million foreign tourists in 2024, up from an estimated 28 million visitors last year.
2024-02-13
Thailand Consumer Morale at Nearly 4-Year High
The University of the Thai Chamber of Commerce’s consumer confidence index rose to 62.0 in December 2023 from 60.9 in the previous month. It marked the strongest reading since February 2020, prompted by government initiatives to ease living costs and conjugated by increased tourism. It was also the fifth consecutive period of rising consumer morale, and the UTCC suggested that further improvement is likely, particularly if the government quickly implements its planned economic policies this year.
2024-01-11
Thailand Consumer Morale Highest in Almost 3 Years
The University of the Thai Chamber of Commerce's consumer confidence index rose for the fourth month to 60.9 in November 2023 from 60.2 in the previous month. It was the highest reading since February 2020, supported by government measures that decreased energy prices, conjugated by relaxing of visa rules for tourists. The tourism sector continued to support the economy, with the country expecting at least 28 million foreign visitors this year, down from an earlier forecast of 30 million.
2023-12-07