Thailand's consumer confidence hits 28-month low in June

Xinhua
09 Jul 2025, 15:15 GMT+10

BANGKOK, July 9 (Xinhua) -- Thailand's consumer confidence declined for a fifth consecutive month in June, hitting the lowest rate in 28 months, due to concerns over ongoing political uncertainty and global trade tensions, a survey showed on Wednesday.

According to the survey of 2,244 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index fell to 52.7 last month from 54.2 in May as all components of the index decreased.

The drop was mainly attributed to concerns about political stability following a leaked phone call on border issues between Thai and Cambodian leaders, the university said in a statement.

Consumers were also worried about a U.S. tariff-fueled trade war and the rising cost of living, which did not align with their current income, said the university's President Thanavath Phonvichai.

From a consumer standpoint, the Thai economy showed no signs of recovery through the end of the year, and incomes could decline alongside worsening employment conditions, Thanavath told a news conference.

Willingness to pay for durable goods, particularly housing and vehicles, along with travel, is expected to fall as consumers exercise caution with their spending, he said.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Thailand Herald.

More Information

null in null

Asia

Section

Thousands gather in Himalayas as Dalai Lama celebrates 90th birthday

DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...

Beijing hits back at EU with medical device import curbs

HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

ICC issues arrest warrants for Taliban leaders

The International Criminal Court has long been accused of giving Western crimes a free pass with selective justice The International...

AD Ports Group, Kazakhstan Railways commence operations of GulfLink joint venture

ASTANA, 9th July 2025 (WAM) -- AD Ports Group announced today the commencement of operations of its Central Asian logistics joint venture,...

India's Vanshik Kapadia creates history at Inaugural PPA Tour event in Malaysia with triple medal haul

New Delhi [India], July 9 (ANI): In a landmark moment for Indian pickleball, Vanshik Kapadia, representing the All India Pickleball...

International

Section