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Bangkok Post
Bangkok Post
Business

Thai consumer confidence at 4-year low

UTCC
A visitor looks at a stall at the Crafts Bangkok 2026 fair, held at Queen Sirikit National Convention Center earlier this month. (Photo: Varuth Hirunyatheb)

The Consumer Confidence Index (CCI) fell to 49.5 in May, the lowest level since December 2022, the University of the Thai Chamber of Commerce (UTCC) said on Thursday.

The drop was mainly attributed to concerns over the Middle East war and persistently high oil prices, which are expected to weigh on Thailand’s economic growth and raise the cost of living, the university’s Centre for Economic and Business Forecasting said.

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