Thai Apr consumer mood at over three-year high

BANGKOK, May 2 (Reuters): Thailand's consumer sentiment rose for a second straight month in April to its highest in 40 months, boosted by strong exports and tourism, but global trade tensions and low farm prices remained a concern, a private survey showed on Wednesday.

The index of the University of the Thai Chamber of Commerce rose to 80.9 per cent in April from 79.9 in March, the university said in a statement.

However, consumers still felt the economic recovery was slow and not broad-based and could hold back on spending, the university said. Thailand increased the daily minimum wage nationwide in April.

Private consumption accounts for half of Southeast Asia's second-largest economy, but has been crimped by high household debt, which is about 78 per cent of gross domestic product.

However, strong exports and tourism will continue to underpin economic growth this year.

The finance ministry has forecast growth of 4.2 per cent, after last year's 3.9 per cent, the fastest pace in five years.