# Thai consumer confidence reached a 4-years high in February

- Link: https://www.thailand-business-news.com/economics/129959-thai-consumer-confidence-reached-a-4-years-high-in-february
- Published: 2024-03-07T18:38:37+07:00
- Author: Bandid Nijathaworn

The University of the Thai Chamber of Commerce reported that Thai consumer confidence
reached a 48-month high in February, thanks to government support measures and tourism.

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 * Thai consumer confidence reached a 48-month high in February, driven by government
   support measures and tourism, but concerns remain about the potential impact 
   of global economic slowdown and geopolitical conflicts on Thai exports.
 * The government plans to implement a 500-billion-baht handout policy for 50 million
   people through a mobile application, along with other measures like waiving visas
   for Chinese and Indian nationals to stimulate the economy.
 * Despite worries about global economic conditions, Thailand saw a significant 
   increase in foreign visitors, with the government aiming for a record 40 million
   foreign visitors this year after welcoming 28 million last year.

The UTCC consumer index rose to 63.8 in February from 62.9 in January, marking the
seventh consecutive monthly increase, according to a statement from the university.

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However, concerns remain about the potential impact of global economic slowdown 
and geopolitical conflicts on Thai exports. The government plans to implement various
policies to boost the economy, including a 500-billion-baht handout and visa waivers
for Chinese and Indian nationals. Despite these efforts, the economy expanded by
only 1.9% last year.