Thai consumer confidence lowest in 25 months
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Thailand's Consumer Confidence Index (CCI) in June declined for six consecutive months, to the level unseen in 25 months.
The confidence index in the month stood at 71.6 points, down from 72.6 points in May, according to the survey by the University of Thai Chamber of Commerce (UTCC).
Thanavath Phonvichai, director of the university’s Economic and Business Forecasting Centre, attributed the deteriorating confidence mainly to concerns on "Brexit" impacts on the Thai economy. Moreover, unemployment rate has also exceeded one per cent for the first time since 2010.
