Thai consumer confidence increased for the second consecutive month in September, driven by government stimulus initiatives and an upswing in foreign tourist arrivals. According to the University of the Thai Chamber of Commerce, the consumer index rose from 56.9 in August to 58.7 in September. This rise in confidence is attributed to the formation of a new government and its approval of policies aimed at boosting the economy.
Additionally, the government plans to introduce measures such as a 10,000 baht handout through a digital wallet to stimulate the sluggish economy. However, concerns persist regarding the global economic slowdown and higher interest rates, which may impact the demand for Thai exports.
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SOURCE: thailand-business-news.com
