Songkran is set to boost economic sentiment

 

 

After Thai consumer confidence in March recorded the first drop in three months, businesses pin their hope that Songkran will boost the spirit of spending.

 

Usually, there is an uptick in business during the traditional Thai new year festival. This year, however, there are concerns that haze in the North, the popular destination for Songkran, may threaten the festive atmosphere.

 

At any rate, economists said Songkran should give a boost to businesses. University of Thai Chamber of Commerce (UTCC)’s Center for Economic and Business Forecasting estimates that overall consumer spending during seven-day Songkran would reach Bt135 billion, up 2.76 percent from the previous year.

 

Full story: https://www.thaipbsworld.com/songkran-is-set-to-boost-economic-sentiment/

 

-- © Copyright Thai PBS 2019-04-14

Good sales with plastic water guns and water proof cell phone packets imported from China. And similar to holiday spending in the West, there will be a decrease in consumer spending starting next week since everyone has spent their last baht for the New Year.

6 hours ago, toenail said:

Good sales with plastic water guns and water proof cell phone packets imported from China. And similar to holiday spending in the West, there will be a decrease in consumer spending starting next week since everyone has spent their last baht for the New Year.

Don't worry, next week when Songkran ends thousands like myself who have hunkered down in our man caves avoiding the bucket brigade soaking and carnage will emerge and help drive the Thai economy. 

Edited April 14, 20197 yr by Ulic