Thailand: Consumer confidence at 3-year high in Feb as tourism rebounds

• Mar 09, 2023

Consumer confidence in Thailand rose for a ninth straight month in February to reach a three-year high, boosted by a recovery in the crucial tourism sector, government stimulus measures and a weak baht a survey showed on Thursday.

The consumer index of the University of the Thai Chamber of Commerce rose to 52.6 in February from 51.7 in January. 

Economic growth is stable and strong, driven by a rebound in the vital tourism sector and with economic indicators improving, a deputy prime minister said on Thursday.

However, slowing global demand is affecting exports, Supattanapong Punmeechaow told a business seminar.

Source: https://www.bangkokpost.com/business/2523931/consumer-confidence-at-3-year-high-in-feb-as-tourism-rebounds