Thai consumer confidence dropped for a second straight month in November, a university survey showed on Thursday, and is rooted in the slow recovery of the domestic and global economy as well as low commodity prices.
The University of the Thai Chamber of Commerce index fell to 72.3 last month from 73.1 in October, when it slipped for the first time in four months.
Consumers felt low commodity prices had cut their purchasing power, the university said.
Domestic activity has also slowed due to cutbacks in personal spending since the passing of King Bhumibol Adulyadej on Oct 13 plunged the country into mourning.
The central bank has forecast economic growth at 3.2% this year and again in 2017. Last year's growth was 2.8%.
Overall, the Consumer Confidence Index reflects views on the economy, job opportunities and future income. The survey is usually done in the last week of the month.