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.

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Thailand Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
49.20 48.20 112.40 39.70 1998 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-09 03:30 AM Mar 50.3 64.8 59
2020-05-08 03:30 AM Apr 47.2 50.3 50
2020-06-04 07:00 AM May 48.2 47.2 50
2020-07-02 03:30 AM Jun 49.2 48.2 55
2020-08-06 04:00 AM Jul 49.2 51
2020-09-04 03:30 AM Aug
2020-10-09 04:00 AM Sep 56
2020-11-06 04:00 AM Oct


News Stream
Thailand Consumer Sentiment Improves
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.
2020-07-02
Thailand Consumer Sentiment Improves
The University of the Thai Chamber of Commerce's consumer rose to 48.2 in May 2020 from a record low of 47.2 a month earlier, 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 recently 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, amid the severe impact of the health crisis.
2020-06-04
Thailand Consumer Morale Weakest on Record
The University of the Thai Chamber of Commerce's consumer confidence plunged to 47.2 in April 2020 from 50.3 in the previous month. This was the weakest reading since the survey began in October of 1998 during the Asian financial crisis, amid pandemic worries and its impact on the economy. The deputy minister said that Thailand economic performance in the first quarter will be worse, as the impact COVID-19 pandemic.Tourist arrivals slumped by 76.4 percent year-on-year to 0.82 million in March of 2020, after a 42.78 percent plunge in February. Meanwhile, vehicle sales plunged 41.74 percent year-on-year to 60,105 units in March 2020, hit by the COVID-19 pandemic.This was the tenth consecutive month of decrease after more than two years of strong growth.
2020-05-08
Thailand Consumer Morale Hits Record Low
The University of the Thai Chamber of Commerce's consumer confidence plunged to 50.3 in March 2020 from 64.8 the previous month. This was the weakest reading since the survey began in October of 1998 during the Asian financial crisis, amid fears over the rapid spread of the COVID-19 outbreak and its impact on Southeast Asia's second-largest economy. In the December quarter 2019, the economy grew an annual 1.6 percent, the slowest growth since the third quarter of 2014 on the back of sluggishness in the economy's two main drivers, exports and tourism.
2020-04-09

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.