Uptick in consumer confidence persists

Bangla Walking Street in Phuket is clogged with locals and foreign arrivals as tourism slowly rebuilds, helping to prop up the economy. (Photo: Achadtaya Chuenniran)

Consumer confidence in April rose for an 11th straight month, reaching the highest level in 38 months, helped by a reduction in Covid-19 infections, the recovery of domestic tourism and lively election campaigns nationwide.

The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 55 in April from 53.8 in March, 52.6 in February and 51.7 in January.