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 July 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.

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Thailand Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 04:00 AM Apr 40.7 42.0 40.8
2022-06-09 04:00 AM May 40.2 40.7 41.2
2022-07-07 03:00 AM Jun 40.2 41.6


Related Last Previous Unit Reference
Consumer Confidence 40.20 40.70 points May 2022

Thailand Consumer Confidence
In Thailand, the Consumer Confidence Index (CCI) measures consumer’s outlook about current and future economic conditions, job prospects and income expectations. The index is based on a survey of around 2440 households. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.
Actual Previous Highest Lowest Dates Unit Frequency
40.20 40.70 112.40 39.60 1998 - 2022 points Monthly

News Stream
Thailand Consumer Moods Drop to 9-Month Low
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.
2022-06-09
Thailand Consumer Sentiment Drops to 8-Month Low
The University of the Thai Chamber of Commerce's consumer confidence index fell to an eight-month low of 40.7 in April 2022 from 42.0 a month earlier. The latest figure marked the fourth 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 last month slashed its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, citing about global uncertainty. Meantime, Bangkok said recently that it was is ready to take appropriate fiscal and monetary measures to ensure continued and broad-based economic recovery. In Q4 2021, the economy grew by 1.9% yoy, bringing the full year figure to a 1.6% expansion and recovering from a 6.2% fall in 2020.
2022-05-10
Thailand Consumer Mood Lowest in 6 Months
The University of the Thai Chamber of Commerce's consumer confidence index fell to a six-month low of 42.0 in March 2022 from 43.3 a month earlier. The latest figure also marked the third straight month of declines in the index, amid the rapid spread of the Omicron variant across Thailand, rising inflation, and the impact of the Ukraine's war. In Q4 2021, the economy grew by 1.9% yoy, bringing the full year figure to a 1.6% expansion and recovering from a 6.2% fall in 2020. The government expect Thailand's GDP to advance between 3.5%-4.5%, led by a recovery in tourism and strong exports.
2022-04-08