Thai consumer confidence falls for third month in a row

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By Panithan Onthaworn

 

Thailand’s consumer confidence declined for a third consecutive month in March to a six-month low, dragged down by concerns over Covid-19 infections and rising living costs, the University of the Thai Chamber of Commerce (UTCC) said on Friday. 

 

The UTCC reported that the consumer confidence index fell to 42 points, down from 43.3 in February. The index started to fall in January when the Omicron variant emerged across the region. 

 

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“Consumers were worried about the domestic Covid-19 situation, as well as a spike in  living costs,” Thanavath Phonvichai, UTCC president, told a briefing. 

 

Full story: https://www.thaienquirer.com/39313/thai-consumer-confidence-falls-for-third-month-in-a-row/

 

-- © Copyright Thai Enquirer 2022-04-08

 

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[ThailandRyan]

The index has been falling for the past two years.  There has only been a mild jump up before it went back down a few times.  Waiting on certain forum members to disagree and tell me the economy and Consumer confidence is doing a smashing job.

[worgeordie]

I think if people have to tighten their belts anymore

they will cut themselves in half, I would think the greatest

worry now is the cost of living ,prices going up , wages not.

regards worgeordie

[RichardColeman]

52 minutes ago, ThailandRyan said:

The index has been falling for the past two years. 

Probably coincides with constant fall in the happiness index since the Generals stole took office

[jacko45k]

7 minutes ago, RichardColeman said:

Probably coincides with constant fall in the happiness index since the Generals stole took office

Well to be fair, he has been there for more than 2 years.....it is 8 years now. Was his initial promise perhaps to return democracy in 2 years?

[ThailandRyan]

6 minutes ago, RichardColeman said:

Probably coincides with constant fall in the happiness index since the Generals stole took office

The undocumented workers who worked in the tourism sector and sent money back home to the provinces are the ones who have taken a beating because of this Government and are one of the reasons that I believe the consumer confidence and happiness indexes have dropped.  How can this Government even hold it's head up and say that they are doing everything they can to help the people out.  The people can see the power of corruption and unfortunately are helpless to do anything about it short of a rising up and total revolt, which will be met like China did to the Tiananmen Square protestors.  Talking with a friend who belongs to a local Chamber of commerce for a foreign country just this morning, he indicated that inflation will be forthcoming very soon and at levels Thailand has never seen before.  Many more businesses will close unless this government starts to actually help them out and lifts all of the restrictions in place.  It is not just Covid that has decimated the economy and social well being of folks, it is the true lack of a safety net never provided for anyone except those in power.

[spidermike007]

Covid will be blamed by the goons. But, the reality is they destroyed their own economy with highly selective shutdowns, an unwillingness to behave like adults, and reopen the nation to tourism, and very, very bad management. They all need to be ousted. They have outlasted their welcome by at least 6 years now. 

[TropicalGuy]

On 4/8/2022 at 3:03 PM, jacko45k said:

Well to be fair, he has been there for more than 2 years.....it is 8 years now. Was his initial promise perhaps to return democracy in 2 years?

There has never been and never will be “ democracy” here. Conditions Don’t Exist. Culture. Civilian Politicians were an absolute disgrace, buying the votes of the low IQ 85 Leaderless Betrayed Rural Poor Majority, whilst maintaining the hopeless enslaving monarchy worshipping “Education” system, all for self - interest / self- enrichment of the immoral “elite”.
 

Military for all their faults realize this and required to govern here for basic stability & chaos avoidance.

 

No Change Possible Ever. 

[trainman34014]

On 4/8/2022 at 3:03 PM, jacko45k said:

Well to be fair, he has been there for more than 2 years.....it is 8 years now. Was his initial promise perhaps to return democracy in 2 years?

No; his original promise was that he would ''Return Happiness to the People''; but that promise has gone the same way as all his other false promises !

[ThailandRyan]

My consumer confidence shrunk more again today when I went to do some food shopping, half of the aisles were empty and the freezer section was down to the bare bones minimum.....

[jacko45k]

15 hours ago, TropicalGuy said:

There has never been and never will be “ democracy” here. Conditions Don’t Exist. Culture. Civilian Politicians were an absolute disgrace, buying the votes of the low IQ

My wife's mother always felt not taking the money would be particularly dim.... , they aren't able to see who you ultimately do vote for so why not?

[TropicalGuy]

8 hours ago, jacko45k said:

My wife's mother always felt not taking the money would be particularly dim.... , they aren't able to see who you ultimately do vote for so why not?

That’s my further point. Short term “rice bowl” thinking another huge cultural problem . no thought to change/ improve system for future generations. just fatalistic same old generational “ rinse & repeat”.