Thailand’s consumer confidence index for April lowest in 16 months

 

 

Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months – due to concerns over political uncertainty, slow domestic economic recovery and the global economic slowdown.

 

Mr. Thanawat Pholvichai, director of the economic and business forecast centre at the University of Thai Chambers of Commerce (UTCC), said that Thai consumers were worried about several ongoing issues including the domestic political situation following the election.

 

The price reductions of numerous farm products, domestic political uncertainty, plus concern over the Brexit issue, have all combined to have an effect on the consumer confidence, said Thanawat.

 

Full story: https://www.thaipbsworld.com/thailands-consumer-confidence-index-for-april-lowest-in-16-months/

 

 

-- © Copyright Thai PBS 2019-05-03

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The junta doesn't like this news....

The junta doesn't need to care; luxury of a non elected government. 

5 hours ago, webfact said:

Thailand’s consumer confidence index for April lowest in 16 months

Feb. 2019 - Consumer confidence index improves in January 2019 stood at 54.5, improving for the first time in 5 months.  

Apr. 2019 - Confidence Index dropped to 80.6 in March, the first drop in the past three months

5 hours ago, webfact said:

Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points

The nearhistory of the CCI seems 'disjointed'.

But I find there are actually TWO CCI's that might explain the disparity:

• CCI MOC  - Ministry of Commerce
• CCI UTCC - University of the Thai Chamber of Commerce

From Thailand's Key Macroeconomic Chart Pack, April 2019, page 5 Household Sector published by the Bank of Thailand :

https://www.bot.or.th/Thai/Statistics/Graph/Chart_Pack/Chart Pack.pdf

 

 

Surprised there is any confidence at all.  Most Thais I know are better off if they are outside of Thailand or sell to the outside world.