Thai May consumer confidence hits record low on virus outbreak
Thai consumer confidence hit a record low in May, hurt by the country’s latest and biggest coronavirus outbreak so far, which could cost the economy as much as 800 billion baht ($25.7 billion), the commerce ministry said on Thursday.
The consumer index of the University of the Thai Chamber of Commerce fell to 44.7 in May from 46.0 in April, when an outbreak emerged that has accounted for most of Thailand’s overall COVID-19 infections and deaths.
