Lao
This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Thailand's consumer confidence hits 37-month high in March

BANGKOK, April 11 (Xinhua) -- Thailand's consumer confidence index (CCI) reached a 37-month high in March as government stimulus measures and a rebound in tourism vitalized economic activities, a survey showed on Tuesday.

According to the University of the Thai Chamber of Commerce (UTCC) survey of 2,241 respondents across the country, the CCI rose to 53.8 in March from 52.6 a month earlier, marking the 10th consecutive month of growth.

All indices continued to rise in March to their highest levels in three years, indicating the economy has nearly returned to its pre-pandemic level, Thanavath Phonvichai, UTCC's president, said.

Consumers were most willing to spend on tourism as the sector remains the country's main driver of growth, followed by willingness to spend on durable goods, including vehicles and real estate, Thanavath told a news conference.

"Consumers in the middle- and high-income groups are more willing to spend and would further drive the economy," he said.