Consumer confidence rises in October but may be short-lived
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Thai consumer confidence is on the rise again, thanks to less concern about a repeat of last year's flood disaster and better sentiment arising from the current economic growth. However, this trend could be ruined early next year as worries about politica
The University of the Thai Chamber of Commerce (UTCC) Friday announced that the Consumer Confidence Index in October climbed for the first time in four months, to 77.8 points from 77 in September. Most subindices related to confidence also increased.
Increasing confidence was attributed to less concern about floods, a positive outlook on the country’s economic growth, lower fuel prices, lower interest rates, and recovered export growth in September along with expected stronger growth to come.
The Nation
