Consumer confidence in Thailand saw an improvement in August after the formation of a new government. The consumer confidence index rose to 56.9, bouncing back from a decline in the previous month. However, concerns still persist regarding the sluggish economic recovery, high living expenses, and increasing interest rates. These factors have impacted domestic spending, tourism, exports, business activities, and job prospects. Consumers are particularly anxious about the cost of living and the global economic uncertainty. The UTCC suggests that if the new government can swiftly implement economic stimulus policies, consumer confidence may further improve. Recent reductions in electricity and diesel prices are expected to alleviate living costs and contribute to potential economic growth in the fourth quarter of the year.
Source link : Consumer Confidence rebounds in August following new government nomination
