Thai Consumer Confidence Plummets to an Abysmal Rate in Decades

The consumer confidence index in Thailand plummeted to a 10-year record low due to the flood crisis’s impact on many sectors.

A survey by the Economic and Business Forecast Center at the University of the Thai Chamber of Commerce or UTTC shows a steep decline in the consumer confidence index for three consecutive months, from 72.2 in September to 62.8 in October, the lowest figure since November 2001.

UTTC’s Vice President for Research, Saowanee Thairungroj said the current floods have caused damage to the public sector, the agriculture and trade sectors, including industrial parks.

Read more: TAN Network