Thai household debt at record high

The average debt per household was 606,378 baht ($17,908), up 8.4 percent from the previous year, according to the survey by the University of the Thai Chamber of Commerce conducted in early September. It was the highest average debt level since the survey began in 2009.

The debt has weighed on Southeast Asia's second-largest economy. Growth has lagged regional peers as it also faces decade-high borrowing costs and weak exports amid a slow recovery in top trading partner China.