Thailand’s Consumer Confidence Hits 3-Year High as Recovery in Tourism Boosts Sentiment

Thailand’s consumer confidence rose to a 39-month high in May, boosted by higher foreign tourist arrivals and increased activity during an election.

The consumer index of the University of the Thai Chamber of Commerce rose to 55.7 in May from 55.0 in April, a survey showed on Thursday.

Thailand recorded 10.4 million foreign tourists from the beginning of this year to May 28, government spokesperson Anucha Burapachaisri said on Thursday.