Consumer confidence hits lowest point in 14 months
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CONSUMER confidence has continued its downward trend, dropping for seven consecutive months and hitting its lowest point in 14 months in July, according to the University of the Thai Chamber of Commerce (UTCC).
Most respondents to the university’s survey felt the economy was now in its worst shape since the great flood of 2011.
Meanwhile, spending for the upcoming Mother’s Day is projected to grow only slightly, by 1.61 per cent year on year, to Bt12.24 billion, held back by a rising cost of living and higher prices.
The Consumer Confidence Index slipped to 73.4 points in July from 74.4 in June. A score below 100 indicates low confidence.
