Consumer confidence increased for the ninth straight month in February, boosted by recovering tourism, government stimulus measures, and the baht's weakness.
The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose to 52.6 in February, up from 51.7 in January, reaching the highest level in three years since Thailand began to face the outbreak of the Covid-19 pandemic in early 2020.
The index is below 100 points because of weak purchasing power, the continued impact of Covid-19, high inflation and the Russia-Ukraine war, according to the university.
