The University of the Thai Chamber of Commerce's consumer confidence slipped to a four-year low of 72.2 in September 2019 from 73.6 in the previous month, amid concerns over the pace of economic recovery and escalating trade tensions. In the June quarter 2018, Southeast Asia' second-biggest economy grew an annual 2.3 percent, the weakest pace expansion in nearly five years, on the back of sluggishness in the economy's two main drivers, exports and tourism. Consumer Confidence in Thailand averaged 79.38 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 78.80 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 82.50 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.