The University of the Thai Chamber of Commerce's consumer confidence index fell to a nine-month low of 40.2 in May 2022 from 40.7 a month earlier. The latest figure marked the fifth straight month of declines in the index, amid disruptions caused by COVID-19 pandemic as well as the impact of the Ukraine's war. The Thailand government recently slashed its 2022 economic growth outlook to 3.5% from a previous forecast of 4.0%, citing lingering global uncertainty. Meantime, the World Bank also cut its 2022 global growth forecast to 2.9% from an earlier estimate of 4.1% and warned that many countries could fall into recession as the economy slips into a period of stagflation in 1970s. source: University of the Thai Chamber of Commerce
Consumer Confidence in Thailand averaged 76.03 points from 1998 until 2022, reaching an all time high of 112.40 points in December of 2003 and a record low of 39.60 points in August of 2021. 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 June of 2022.
Consumer Confidence in Thailand is expected to be 70.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Consumer Confidence is projected to trend around 80.00 points in 2023, according to our econometric models.