Consumer and business sentiment in December rose to the highest level in three years, driven by Thailand's economic recovery and a surge in foreign tourist arrivals.
The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index increased for the seventh straight month in December, hitting a 25-month high, tallying 49.7, up from 47.9 in November, 46.1 in October, 44.6 in September, 43.7 in August, 42.4 in July and 41.6 in June.
