- Our forward-looking Economic Sentiment Index rose in Thailand for the second consecutive quarter, as did our Political Sentiment Index for the country.
- Far more Thai respondents continue to rate the present state of the economy negatively than positively but the difference has narrowed slightly.
- Although the Thai economy remains sluggish by regional standards, growth is likely to improve next year on the back of stronger consumption - despite the king's recent death and the mourning period that followed - and increased government spending.
FT Confidential Research's fourth quarter consumer survey suggests that Thais are more hopeful about the economy than they have been since the first quarter of 2015. Our Economic Sentiment Index, which measures expectations for the coming six-month period among our respondents, rose to 59.7 in the fourth quarter, up from 56.5 in the third, a second consecutive sequential improvement (see chart).