Thai consumer confidence falls for first time in 5 months amid economic uncertainty
Thailand’s consumer confidence fell for the first time in five months over uncertainty from US trade policies, higher living costs and the slow recovery of the domestic economy, a survey showed on Thursday.
The consumer index of the University of the Thai Chamber of Commerce fell to 57.8 in February from 59.0 in January, the university said in a statement, having risen for four straight months.
“This is a worrying signal … the (economy) is quiet, despite government measures,” university president Thanavath Phonvichai said, adding uncertainty over global trade weighed on confidence.
Bangkok Post Reporter
