Consumer confidence drops for third month in a row

The consumer confidence index (CCI) dropped for a third consecutive month in April to hit its lowest level in seven months, attributed to concerns over US tariffs, falling agricultural product prices, and political uncertainties.

- PHUSADEE ARUNMAS

The CCI decreased from 56.7 in March to 55.4 in April, according to the University of the Thai Chamber of Commerce (UTCC).

The survey suggests consumers are aware of slow economic growth, rising living costs, and the likelihood of an intensified trade war, all of which are contributing to their declining confidence now and in the near future, said Thanavath Phonvichai, president of the UTCC.

He said consumers expressed concerns about US tariffs, which have led to declines in global capital markets.

While economic stimulus measures were introduced in the first quarter, many consumers perceive Thailand as struggling with a sluggish economy.