Thailand Consumer Confidence Rises for First Time in Eight Months

Consumer confidence in Thailand has risen for the first time in eight months, with the University of the Thai Chamber of Commerce reporting an increase in the consumer confidence index to 56.0 in October, up from 55.3 in September. This improvement is attributed to easing flood concerns and government cash handouts that have enhanced consumer spending capacity, despite ongoing worries about slow economic recovery and high living costs. Meanwhile, in Australia, consumer sentiment has also increased, climbing 5.3% to 94.6 points, reflecting reduced inflation pressures and a more optimistic economic outlook. Business confidence in Australia has surged to its highest levels since early 2023, indicating a potential shift in economic conditions and interest rate expectations. In Central Asia, consumer confidence dynamics are mixed, with Kazakhstan and Uzbekistan showing growth while Kyrgyzstan experiences a decline. These regional trends underscore varied economic sentiments across different countries, influenced by local conditions and government policies.