The University of the Thai Chamber of Commerce's consumer confidence index increased to a ten-month high of 46.1 in October 2022 from 44.6 a month earlier, boosted by further improvement in economic activity as domestic COVID infections remained under control. Thailand's central bank recently mentioned that the country's economy to expand by 3.3% this year, supported by strong consumption and a rebound in tourism. In Q2, the economy advanced for the third straight quarter, with the rate of growth the fastest in a year, as solid private consumption offset a fall in fixed investment and a negative contribution from net trade. Meantime, fiscal and monetary policy will be integrated to support the recovery after the Bank of Thailand hiked policy rates by 25 basis points twice, in August and September. source: University of the Thai Chamber of Commerce

Consumer Confidence in Thailand averaged 75.47 points from 1998 until 2022, 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 November of 2022.

Consumer Confidence in Thailand is expected to be 70.00 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 80.00 points in 2023, according to our econometric models.

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Thailand Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-10-12 03:00 AM Sep 44.6 43.7 44
2022-11-10 03:00 AM Oct 46.1 44.6 44
2022-12-02 03:30 AM Nov 46.1


Related Last Previous Unit Reference
Consumer Confidence 46.10 44.60 points Oct 2022

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
46.10 44.60 112.40 39.60 1998 - 2022 points Monthly

News Stream
Thailand Consumer Morale Rises to 10-Month High
The University of the Thai Chamber of Commerce's consumer confidence index increased to a ten-month high of 46.1 in October 2022 from 44.6 a month earlier, boosted by further improvement in economic activity as domestic COVID infections remained under control. Thailand's central bank recently mentioned that the country's economy to expand by 3.3% this year, supported by strong consumption and a rebound in tourism. In Q2, the economy advanced for the third straight quarter, with the rate of growth the fastest in a year, as solid private consumption offset a fall in fixed investment and a negative contribution from net trade. Meantime, fiscal and monetary policy will be integrated to support the recovery after the Bank of Thailand hiked policy rates by 25 basis points twice, in August and September.
2022-11-10
Thailand Consumer Mood Rises to 8-Month Peak
The University of the Thai Chamber of Commerce's consumer confidence index increased to an eight-month high of 44.6 in September 2022 from 43.7 a month earlier, lifted by improved economic activity following further easing in COVID-19 restrictions. The government recently mentioned that Thailand's economic recovery will not be affected by a global slowdown due to a rebound in tourism. Meantime, fiscal and monetary policy will be integrated to support recovery after the Bank of Thailand hiked policy rates by 25 basis points twice, in August and September with average inflation expected at 3.9% over the next 12 months. Latest data showed that Thailand's economy grew at the fastest pace in a year in Q2, amid a pick-up in private consumption and robust tourism.
2022-10-12
Thailand Consumer Morale Rises to 7-Month High
The University of the Thai Chamber of Commerce's consumer confidence index increased to a seven-month high of 43.7 in August 2022 from 42.4 a month earlier, lifted by improved economic activity following further easing in COVID-19 restrictions. Recent data showed that Thailand's economy grew at the fastest pace in a year in Q2, amid a pick-up in private consumption and robust tourism sector. Bangkok slightly revised its 2022 economic growth forecast to 2.7-3.2% from an earlier 2.5-3.5% while expecting inflation to weigh on consumer spending and investment, while exports will be restrained by a slowdown in the global economy. The country's central bank on August 10th raised its key interest rate by 25bps to 0.75%, the first rate rise in nearly four years. Meantime, the country's finance minister recently said Thailand was in no hurry to raise rates as the country is still experiencing net capital inflows.
2022-09-13