RTTNews - Thai consumer confidence in June rose for the first time in five months, reports said Thursday, citing data released by the University of the Thai Chamber of Commerce.
The consumer confidence indicator rose to 65.4 in June from a seven-year low of 64.3 in May.
The increase in households' sentiment reflects hopes that conditions in the economy would improve on government's stimulus measures.
In the first quarter, the Thai economy contracted 1.9% sequentially following a 6.1% drop in the fourth quarter of the previous year.
The country's Finance Ministry foresees a contraction of 2.5%-3.5% this year due to weak performance in sectors like tourism and exports.
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