Consumers pleased as political tension eases
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Thai consumer confidence in November rose for two consecutive months to 79.1 points, thanks mainly to the stabilisation in political conflict, according to the University of the Thai Chamber of Commerce survey.
The index was 77.8 points in October.
Pitak Siam Group launched the anti-government rally in November. Though it was ended without violence, the rally stirred fears of renewed political conflict.
Other positive factors that drove the confidence included recovery in export growth in October, the spike in the SET index and the Bank of Thailand's decision to maintain the policy rate, said Thanavath Phonvichai, director to the UTCC Economic and Business Forecasting Centre
Yet, consumers are still concerned with the possibility of lower economic growth in light of weakening demand for Thailand's export. They are also worried over the health of the global economy, fuel prices and political risks.
