Thailand consumer confidence remains upbeat for second straight month in August

Consumer confidence in Thailand remained on the upside for the second consecutive month in August on the perception that the fading impact of the long drought coupled with an increase in farm prices helped boost purchasing power.

Thailand’s overall index reflects views on the economy, job opportunities and future income. Below 100 means consumers still lack confidence, data released by the University of the Thai Chamber of Commerce showed Thursday.

In July, the consumer mood improved for the first time in seven months. The military government has struggled to revive Southeast Asia's second-largest economy, with exports and domestic demand still sluggish, the report added.

Meanwhile, the Bank of Thailand said last Friday the economy expanded at a slower pace in July. It is due to review its 2016 growth forecast of 3.1 percent later this month.