Increasing Confidence among Consumers: UTCC

[snoop1130]

Increasing Confidence among Consumers: UTCC

 

 

BANGKOK, Dec 3 (TNA) — The University of the Thai Chamber of Commerce (UTCC) reported that the consumer confidence index rose to 52.4 in November thanks to economic stimulus measures from the government among other factors.

 

UTCC president Thanavath Phonvichai said the index rose from 50.9 in October. The increase happened for the second consecutive month and the November index was at its highest level in nine months since March, he said.

 

Mr Thanavath attributed the rise to the less decline in the economic recession this year, the economic recovery of trading partners, the policy rate that was maintained at 0.5% and government measures to boost people’s spending.

 

Full Story: https://tna.mcot.net/english-news-594910

 

-- © Copyright TNA 2020-12-03

 

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[hotchilli]

15 hours ago, snoop1130 said:

The University of the Thai Chamber of Commerce (UTCC) reported that the consumer confidence index rose to 52.4 in November thanks to economic stimulus measures from the government among other factors.

Just keep rolling out the BS...

 

[yellowboat]

My Thai friends are just holding on.   They have no consumer confidence at all.   That is the problem when your elites control the government and take everything for themselves:  no middle class and an economy over reliant on exports and foreign tourism.