Thai consumer confidence has increased for the second consecutive month in September, driven by government stimulus initiatives and an uptick in foreign tourists.
According to the University of the Thai Chamber of Commerce, the consumer index rose to 58.7 in September, up from 56.9 in August.
- Thai consumer confidence rose in September due to government stimulus policies and higher foreign tourist numbers.
- The consumer index increased from 56.9 in August to 58.7 in September.
- Consumers are more confident following the formation of a new government and its approval of policies to boost the economy.
The formation of a new government in August and their approval of policies aimed at strengthening the economy and reducing the cost of living have contributed to improving consumer sentiment.
The government has also planned to implement new measures, such as a 10,000 baht handout via a digital wallet, to stimulate the sluggish economy. However, concerns remain about the global economic slowdown and higher interest rates impacting the demand for Thai exports.
About the author
Boris Sullivan is a business news editor based in Hong Kong. He has over 15 years of experience in covering the latest trends and developments in the Asian markets, as well as the global economy.