Thailand's consumer confidence improved for the first time in eight months in September, driven by optimism about the government's economic stimulus measures, a survey showed on Wednesday.
According to a survey of 2,242 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index increased to 50.7 last month, up from a 32-month low of 50.1 in August.
The rebound was primarily due to growing consumer confidence that the new administration, led by Prime Minister Anutin Charnvirakul, would be able to implement policies such as the co-payment scheme to stimulate economic recovery, said the university's president, Thanavath Phonvichai.
Despite that, concerns remained over the impact of the U.S.-led trade war and ongoing border tensions, which could potentially slow down the pace of Thailand's economic rebound, the university said in a statement.