Thailand’s Consumer Confidence Index for April Falls Further as Cost of Living and Oil Prices Cause Concern

The Center for Economic and Business Forecasting of the Thai Chamber of Commerce announced that the consumer confidence index was 40.7 in April 2022, down from 42.0 in March, marking the fourth consecutive month of decline.

The overall economic confidence index was 34.6, the job prospects index was 38.0, and the future income sentiment index was 49.6.

The signal for consumer confidence is not very good, and no upward trend can be seen. This is due to the cost of living factor and higher oil prices. As for the problem of the Omicron breakout, it still exists, but it has started to dissipate.

The negative factor is due to concerns about the war situation between Russia and Ukraine, which could lead to an increase in world oil prices and affect the production costs of products. This may slow down the recovery of the global economy and have a negative impact on exports and the Thai economy in the future.

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