BANGKOK, May 15 (Xinhua) -- Thailand's consumer confidence declined for a third successive month in April, hitting the lowest level in seven months, due to concerns over U.S. tariffs and a sluggish domestic economic recovery, a survey showed on Thursday.
According to the survey of 2,245 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index fell to 55.4 last month from 56.7 in March as all components of the index decreased.
Consumer confidence has fallen steadily since February, mainly attributed to the trade war fueled by U.S. tariff measures, the university's president, Thanavath Phonvichai, told a news conference.
Reduced prices for key agricultural products, resulting in slower growth in farmer earnings, contributed to weak purchasing power in some provincial areas, he said.
He noted that mounting domestic political uncertainty, indicated by a seven-month low in political sentiment, led consumers to exercise caution in spending on travel and durable goods. ■
