The University of the Thai Chamber of Commerce's consumer confidence dropped to 79.2 in April 2019 from 80.6 in the previous period. It was the lowest reading since December 2017, amid concerns over domestic political uncertainty and following the government's decision to revise lower both the projections of 2019 GDP growth to 3.8 percent from an earlier forecasts of 4 percent and 2019 export growth to 3.4 percent from previous estimates of 4.5 percent. In the December quarter 2018, Southeast Asia' second-biggest economy grew by 3.7 percent, after a 3.2 percent expansion in the previous quarter. Consumer Confidence in Thailand averaged 79.47 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 83.60 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 82.90 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.