Thailand’s Domestic Consumer Confidence increases for the 11th month in a row

Thanavath Phonvichai, President of the University of the Thai Chamber of Commerce (UTCC), revealed that the consumer confidence index increased from 53.8 in March to 55 in April, achieving its highest level in 38 months. Even though the confidence index has been rising steadily, limited purchasing power, worries about rising inflation, and high interest rates have kept the indicator below 100 points. The "We Travel Together" hotel subsidy and state aid initiatives, among other government economic stimulus measures, increased consumer confidence, according to UTCC President. Additionally, the Songkran Festival's increase in visitor arrivals, the nation's declining gasoline and diesel prices, the baht's minor appreciation versus the US currency, and a reduction in COVID-19 infections all contributed to an increase in consumer confidence in April.


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