The University of the Thai Chamber of Commerce's consumer confidence increased to 80.7 in January 2019 from 79.4 in the previous month. It marked the highest reading in three months, amid optimism among consumers that the upcoming general election later this year would benefit the country's economy. In addition, progress reported in Sino-US trade negotiations and a return of Chinese tourists helped support sentiment. 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. Consumer Confidence in Thailand averaged 79.46 Index Points from 1998 until 2019, 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 83.40 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 83.60 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.