Thu, October 28, 2021

in-focus

New Covid-19 wave pulls retailer confidence in January down to lowest level


Retailer Sentiment Index has dropped further due to the new wave of Covid-19 infections, the Thai Retailers Association said on Monday.

Yol Phokasub, the association’s chairman, said the index in January slumped to the same level as in April last year, when the country was put under lockdown upon the arrival of Covid-19.

“However, we believe the Retailer Sentiment Index in the next three months will improve in line with expected government measures launched to relieve people’s suffering and stimulate expenses,” he said.

He said the confidence index in same-store sales growth fell in every region, especially in the Central region due to the super spreader event in Samut Sakhon’s Central Shrimp Market. The confidence index by shop type also fell significantly, with the exception of building material stores, which rose sharply due to work-from-home trend.

“Retailers, however, expect confidence indices in the next three months to improve as they anticipate the government to be able to deal with the Covid-19 crisis and launch measures to relieve people’s sufferings and stimulate expenses,” he said.

He added that 90 per cent of retailers want to participate in the government’s measures to stimulate the economy, such as “Khon La Khreung” (Let’s Go Halves) economic stimulus package.

“Meanwhile, they advised the government to boost their liquidity, such as reducing taxes, granting soft loans and offering hourly employment,” he added.

Published : February 08, 2021

By : The Nation