The University of the Thai Chamber of Commerce's consumer rose to 49.2 in June 2020 from 48.2 a month earlier. This was the highest reading since March, amid ongoing public health measures to contain the spread of COVID-19 outbreak. In the first quarter of 2020, Southeast Asia's second-largest economy shrank by 1.8% yoy, the worst economic downturn since Q4 2011. The National Economic and Social Development Council said that Thailand may lose up to 2 million jobs this year, particularly in the tourism industry, as the outbreak took a huge toll on the economy. About 8.4 million people are at risk of losing their jobs - 2.5 million in the tourist sector, 1.5 million in the industrial sector, and 4.4 million in other parts of the service sector. The agency predicts the economy to contract between 5%-6% this year due to the severe impact of the health crisis.
Consumer Confidence in Thailand averaged 78.69 points from 1998 until 2020, reaching an all time high of 112.40 points in December of 2003 and a record low of 39.70 points in October of 1998. 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 August of 2020. source: University of the Thai Chamber of Commerce
Consumer Confidence in Thailand is expected to be 56.00 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 68.00 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 70.00 points in 2021 and 79.00 points in 2022, according to our econometric models.