Consumer confidence index at its lowest point since the 1997/98 economic crisis
Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday.
The UTCC, which compiles the monthly reports, said that the index was its lowest since October 1998 due to the impact of the latest Covid-19 pandemic.
“Consumers are concerned about the fragile economic situation following the third wave of the outbreak, causing consecutive four-digit daily cases and double-digit fatalities each day,” said Thanavath Phonvichai, the President of the Business Forecasting Unit.
