BANGKOK, Oct 8 (Reuters) – Thai consumer confidence dropped in September for the first time in five months on concerns about growing political protests, a slow economic recovery and job losses from the coronavirus pandemic, a university survey showed on Thursday.
The consumer index of the University of the Thai Chamber of Commerce fell to 50.2 in September from 51.0 in August.
“Various political gatherings made people have no confidence in government stability,” while the surprise exit of the country’s finance minister last month was negative, university president Thanavath Phonvichai told a briefing.
Demonstrators have rallied against the military-backed government in larger numbers in recent months, with some also calling for reforms of the powerful monarchy. The next big protest is set for Oct. 14.
Consumers felt the economic situation remained bad as tourism has yet to recover, Thanavath said.
“If the situation does not improve, there may be more