The Magazine for Asian Investors
The Center for Economic and Business Forecasting University of the Thai Chamber of Commerce reported that the consumer confidence index was 42.4 in July, up from 41.6 in June and marking the second consecutive month of increase.
The index for confidence in the economy as a whole was 36.4, the index for confidence in job opportunities was 39.8, and the index for confidence in future income was 50.8.
The positive factors that improve the consumer confidence index in the month of July are the easing of international travel measures, laying down of COVID control measures throughout the country, and allowing entertainment venues to open until 2 a.m., which has a positive impact on Thai tourism.
Meanwhile, the Fiscal Policy Office (FPO) has raised Thailand’s economic forecast to 3.5% due to a recovery in demand.