Consumers more confident in economy but still cautious
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On the back of the Kingdom’s recovering export growth and a more positive outlook for the country’s export sector, consumer confidence increased for a second consecutive month in January, according to a survey by the University of the Thai Chamber of Commerce.
Yet despite higher confidence, consumers are still spending cautiously because they are worried about the economy, the survey found.
It also found that people are still worried about flooding in the South, uncertainty about the global economy, US President Donald Trump’s policies and higher oil prices.
The Consumer Confidence Index (CCI) increased slightly from 73.7 points in December to 74.5 in January. A level below 100 reflects weak consumer sentiment.
