Thai consumer confidence hits 7-month low in April due to U.S. tariffs ...Middle East

The consumer index of the University of the Thai Chamber of Commerce fell to 55.4 in April from 56.7 in the previous month, the university said in a statement.

“Purchasing power remains stagnant, suggesting confidence is still in a downward trend,“ he said, adding consumers were hesitant to make purchases, especially on durable goods, homes, vehicles, and travel.

Thailand has sent a trade proposal to Washington as part of its efforts to avoid the tariffs, Finance Minister Pichai Chunhavajira said on Wednesday.

Earlier this month, the finance ministry cut its 2025 forecast for growth in Southeast Asia's second-largest economy to 2.1% from 3% due to the impact of U.S. tariffs and a global slowdown.

The economy expanded 2.5% last year, lagging regional peers..

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