Consumer confidence up, but still lowest in 21 years

 

   

BANGKOK (NNT) - Aid measures, and the fifth phase easing of COVID-19 restrictions, allowed consumer confidence to improve last month, the third month in a row, to 50.1 points from 49.2 in June.

 

The President of the University of the Thai Chamber of Commerce (UTCC), Asst. Prof. Dr. Thanavath Phonvichai, pointed out that despite the upward trend in consumer confidence, the figure is still at its lowest in 21 years and 10 months, on the continued negative impact of COVID-19 on spending, tourism, exports and employment, as well as concerns about the political situation.

 

Overall confidence in the economy, job prospects and revenue were also up compared to June, with only confidence in politics continuing a downward trend for the 17th month.

 

-- © Copyright NNT 2020-08-09

 

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Does 1 person in Thailand believe this?

K. I can now have my second good laugh for the day.

If it's gone up, how can it be at a historic low?

Yup, just keep that Baht up—and see what happens to the economy...

Most vendors and store holders that I know all say spending is down and people are careful on what they buy.

Money is spread thin so the profits are not what they were pre-Covid.

22 hours ago, webfact said:

Overall confidence in the economy, job prospects and revenue were also up compared to June

What a load of old shoe repairers ! Then again, a 7/11 taking on a new member of staff could be considered a boom these days