Thai consumer confidence rises in July

[BANGKOK] The consumer confidence index of the University of the Thai Chamber of Commerce rose for the second straight month in July to 51.8 from 50.7 the previous month, a survey showed on Thursday. (Aug 13)

Consumer confidence was bolstered by government stimulus measures and easing oil prices, the university said.

In June, the government rolled out a 176 billion baht (US$5.32 billion) consumer subsidy scheme to ease the cost of living, under a wider 400 billion baht borrowing plan to address the impact of higher oil prices.

Stronger agriculture goods prices also supported confidence, Thanavath Phonvichai, the university’s president, told a briefing.

Concerns over geopolitical tensions in the Middle East also eased, the university said.

Consumers, however, are still worried about Thailand’s slow economic recovery, high living costs and jobs, Thanavath added.

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Thai inflation eases to 1.95% in July, slowing for third month

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Last month, the finance ministry raised its 2026 growth forecast to 2.5 per cent from 1.6 per cent, helped by higher exports and domestic demand.

South-east Asia’s second-largest economy expanded 2.4 per cent last year, lagging regional peers. REUTERS