1st increase in confidence index in 14 months
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Thai consumer confidence index increased for the first time in 14 months, reaching the highest score in four months in May on hope that the coup would bring about political stability, according to a survey by the University of the Thai Chamber of Commerce
The index rose from 67.8 in April to 70.7 points last month.
Saowanee Thairungroj, president of the university, said the improvement was attributable to the optimism that the junta's measures would stabilise the political situation and stimulate economic growth. The acceleration of payments worth Bt90 billion to farmers under the rice-pledging scheme also raised consumer confidence.
The Nation
