TCC Confidence Index reaches 8 month high

 

FILE photo

 

BANGKOK, 18 September 2018 (NNT) - A survey of members of the Thai Chamber of Commerce (TCC) found that economic confidence is at its highest in eight months. 

Kalin Sarasin, President of the TCC and the Board of Trade, revealed that the TCC Confidence Index in August rose to 49.8, up from 48.6 the previous month and the highest since January 2018. Economic expansion in the second quarter adds to expectation of 4.6% growth for the year. Other positive factors include improvements to agricultural prices in certain areas, continued expansion in the tourism and export sectors, stabilizing interest rates and government investments in infrastructure. 

President of the University of the Thai Chamber of Commerce, Saowanee Thairungroj, noted that it was the first time that all regions across the country showed overall improvements in their confidence indices, although the sentiment was not well distributed across provinces. 

The eastern region posted the highest index value, due to improvements in the tourism sector, agricultural demand and border trade. The Bangkok Metropolitan Area also benefited from tourism, along with consumer spending. The Northeast posted the lowest index value of any region, followed by the North and Central Plains, due to the high cost of agricultural production and constant flooding. 

However, the TCC is confident that the economy will continue to recover due to investment, border trade and consumer spending. It believes the economy this month will continue to grow, after the ban on political activities is lifted. 

Saowanee urged the government to boost confidence in tourism through standardized safety measures and satisfy unmet labor demand by recruiting foreign workers.

 

-- nnt 2018-09-18

That's odd, I thought half the country was under water and the other was going through drought over the last few months, hmm up up up and away!

1 hour ago, webfact said:

A survey of members of the Thai Chamber of Commerce (TCC) found that economic confidence is at its highest in eight months. 

Pardon my cynicism but I suspect the TCC  membership is predominantly made up of the already filthy rich clique and the confidence index is on the rise because their junta friends look hot favourites to stay in power for the next umpteen years and protect their interests.

I doubt there is much economic confidence outside Bangkok, particularly in the rural provinces.

Just lies...and he has been told to announce it. It's not as if we are expecting the truth from these types and they announce rosy figures all the time in bid to brainwash the public into thinking they are to right custodians of society and business etc., all part of the elite's plan and the fools lap it up.

The amount of shops I see that are built and closed within 3 months hardly fills me with confidence that this is true.

23 hours ago, webfact said:

it was the first time that all regions across the country showed overall improvements in their confidence indices, although the sentiment was not well distributed across provinces. 

I'm sure all those street and small market vendors being removed in Bangkok can share the "sentiment was not well distributed across provinces."