The University of the Thai Chamber of Commerce's consumer confidence slipped to a 6-month low of 80.5 in November of 2018 from 81.3 in the previous month on concerns over the pace of economic recovery and high oil prices. In the September quarter 2018, Southeast Asia' second-biggest economy grew by 3.3 percent, slowing markedly from a 4.6 percent expansion in the previous quarter and marking the weakest growth rate since the fourth quarter 2016, amid signs of sluggishness in the economy's two main drivers, exports and tourism. Consumer Confidence in Thailand averaged 79.45 Index Points from 1998 until 2018, reaching an all time high of 112.40 Index Points in December of 2003 and a record low of 39.70 Index Points in October of 1998.
Consumer Confidence in Thailand is expected to be 83.10 Index 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 83.70 in 12 months time. In the long-term, the Thailand Consumer Confidence is projected to trend around 82.90 Index Points in 2020, according to our econometric models.