Thailand Consumer Confidence

Last Release

Aug 31, 2024

Actual

56.5

Units In

Points

57.7

Frequency

Monthly

Next Release

Oct 09, 2024

Time to Release

23 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
112.4 Dec 2003	39.6 Aug 2021	74.19 Points	1998-2024	University of the Thai Chamber of Commerce

In Thailand, the Consumer Confidence Index (CCI) measures consumer’s outlook about current and future economic conditions, job prospects and income expectations. The index is based on a survey of around 2440 households. An index above 100 indicates an improving outlook and below 100 a deteriorating outlook.

Latest Updates

The University of the Thai Chamber of Commerce’s consumer confidence index was down to 56.5 in August 2024 from 57.7 in the previous month. It was the sixth straight month of falling sentiment, pointing to the lowest reading since July 2023, amid sluggish economic activity, lower incomes, and high household debt. Meanwhile, policy uncertainty heightened following a change in government from former PM Srettha Thavisin to Paetongtarn Shinawatra, daughter of former leader Thaksin Shinawatra. Thailand's GDP grew by 2.3% yoy in Q2 of 2024, above forecasts of 2.1% but private consumption, which contributes around 55% of the nation's economy, notably eased in the face of elevated cost pressure. Meanwhile, core consumer prices rose by 0.62% yoy in August, the most in ten months, after a 0.52% gain in July.