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Thailand's Consumer Sentiment Rises to Three-Month High in June

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Thailand's consumer confidence index rose to 50.7 in June from 49.5 in May, marking its highest reading in three months, according to a survey released by the University of the Thai Chamber of Commerce on Thursday.

The reading exceeded Trading Economics' forecast of 50, but remained below 100, the baseline separating positive from negative sentiment.

The improvement reflected easing concerns over the Middle East conflict following a temporary ceasefire, lower oil prices, and the launch of the government's stimulus program.

Confidence in the overall economy rose to 44.1 in June from 43.1 in May, while confidence in employment prospects increased to 48.7 from 47.5, and the future income index climbed to 59.3 from 57.9.

The university said sentiment and spending are expected to improve further in the third quarter if stimulus measures gain traction and geopolitical tensions continue to ease.

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