FX.co ★ Thailand Consumer Morale Falls to 5-Month Low

In March 2025, the consumer confidence index, as reported by the University of the Thai Chamber of Commerce, fell to 56.7 from 57.8 in February, marking the second straight month of declining consumer sentiment. This downturn is attributed to ongoing political uncertainty and a lackluster economic recovery. The index reached its lowest point since October of the previous year. The GDP growth for 2024 registered at 2.5%, falling short of the projected 2.7%. On the inflation front, Thailand's annual rate eased to 0.84% in March, dipping for the first time below the central bank's target range of 1% to 3%, after having conformed to the range for three months in succession.