Thai consumer confidence lowest in 67 months says Thai Chamber of Commerce

The consumer confidence index fell to 69.1 in November, the lowest in 67 months, on concerns about politics and the economy, the University of the Thai Chamber of Commerce reported on Friday.

The index dropped for the ninth consecutive month. It was at 70.7 in October.

Despite economic stimulus measures from the government, consumers felt uncertain about political stability and economic recovery in light of the decline in exports and the global economic situation given the trade war between China and the United States, and Brexit, said Preeda Phothong, deputy director of the UTCC’s centre for business and economic forecasting.

UTCC vice president for research Thanavath Phonvichai said consumers doubted the economy would recover. If  confidence continues to recede, extending its decline to one year, or beyond next February, it could affect overall economic growth, he said.

Source: Bangkok Post

Adam Judd
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail About Us: Contact Us: