Thailand's consumer confidence increased for a second straight month in October, driven by government measures to revive the economy, a survey showed on Friday.
According to a survey of 2,244 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index climbed to 51.9 last month from 50.7 in September, as all components of the index improved for the first time in nine months.
The government's co-payment program, which aimed to boost consumer spending, and the tax incentive program, designed to stimulate domestic tourism, primarily contributed to the upturn, said the university's president Thanavath Phonvichai.
The improvement in consumer sentiment is a notable driving factor for a recovery of the Thai economy, particularly on the back of the government's ongoing stimulus measures, Thanavath told a news conference.