Thai Consumer Mood Rises in June after the Country Reopens

Thai consumer sentiment gained for the first time in six months as most economic activity resumed following the lifting of Covid-19 restrictions, according to a survey released on Thursday (Jul 7).

The consumer index of the University of the Thai Chamber of Commerce rose to 41.6 in June, up from May’s reading of 40.2. 

In a statement, the university said that other confidence indexes, like those for job opportunities, also picked up, showing that consumers were starting  to regain confidence that the economy was recovering

Supporting factors included the Center for Covid-19 Situation Administration (CDC) loosened entry restrictions, and over 5.25 billion people worldwide have received a Covid-19 vaccine, as well as the Bank of Thailand’s decision to maintain the policy rate unchanged.

In the meantime, exports rose 10.47% in May, and the prices of many agricultural commodities went up.