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Thailand's economic growth could be slashed 0.5 percentage point in the last quarter this year, due to the disappearance of industrial investment worth Bt10-20 billion.

This would also affect the employment and the construction sector, said Thanavath Phonvichai, director of the university's Economic and Forecasting Centre.

 The university also expected that if the injunction drags on to another 6-12 months, Thai economic growth next year could drop by 0.5-1 per cent, from the 2-3 per cent growth target.

The university also reported that Thai consumer confidence index increased continuously for the fourth consecutive months in September to 75.6 per cent from 74.5 per cent in August.

 Increasing consumer confidence was attributed mainly to the lowering oil price and the Thai Khemkhaeng measures to stimulate economic growth.