FX.co ★ Thailand Consumer Mood Rises to 4-Month High

The consumer confidence index, as reported by the University of the Thai Chamber of Commerce, increased to 51.9 in October 2025, rising from 50.7 in September. This marks the second consecutive month of increase and the highest level observed since June. This improvement is attributed to the government’s comprehensive measures aimed at economic revitalization. Additionally, this positive trend was reinforced by a reduction in US tariffs on Thai imports, decreasing from 36% to 19%, although concerns remain about tariffs on goods rerouted through Thailand. The Southeast Asian economy posted a 2.8% growth year-on-year in Q2, surpassing the consensus forecast of 2.5%, albeit slowing down from a 3.2% increase in Q1. Recently, the Fiscal Policy Office revised its GDP growth forecast for 2025 upward to 2.4%, from a previous estimate of 2.2%, buoyed by substantial year-end governmental stimulus measures and a strong growth in merchandise exports, now anticipated to rise by an impressive 10.0%.