Spending by the public during the long Songkran holiday next week is projected to be the lowest in a decade, because consumers are tending to be more careful due to concerns over the price increases of oil and consumer products, according to the forecast by the University of the Thai Chamber of Commerce ‘s (UTCC) Centre for Economic and Business Forecasting.

 

The UTCC conducted a survey of the expected spending behaviour during Songkran and discovered from the responses that they plan to spend about half of what they did last year, due to their concerns over the higher cost of living.

 

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The university’s rector, Assoc. Prof. Dr. Thanavath Phonvichai, today that public spending this Songkran is expected to be about 106 billion baht nationally, about 5.4% less than last year, when public spending was recorded at about 112 billion baht, which was 21.4% lower than in 2019, before the outbreak of COVID-19.

 

Full Story: https://www.thaipbsworld.com/spending-during-songkran-this-year-projected-to-be-lowest-in-ten-years/

 

-- © Copyright Thai PBS 2022-04-08

 

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13 hours ago, snoop1130 said:

The UTCC conducted a survey of the expected spending behaviour during Songkran and discovered from the responses that they plan to spend about half of what they did last year, due to their concerns over the higher cost of living.

Who remembers how much they spent last Songkran ?

42 minutes ago, Ralf001 said:

Who remembers how much they spent last Songkran ?

I spent the same over roughly the last ten years. I just don't give a hoot any more.

Few people have an abundance of expendable income (THANK you Thai Pass for stopping the majority of tourists for entering Thailand) so this is really a no brainer.

Without the stupid water and powder throwing, the country may collapse. Pre-Covid, I used to leave the country for Cambodia during Songkran. Zero tolerance for taking a shower with my clothes on.

55 minutes ago, HappyExpat57 said:

I spent the same over roughly the last ten years. I just don't give a hoot any more.

I suspect there is approx 70 million people in Thailand that would answer the same as you and the survey is bogus.

 

2020 Songkran was cancelled and substitution days were scheduled later in the year.

Not a chance did people spend more in 2020 than what they will this year.

50 minutes ago, Nickelbeer said:

 Zero tolerance for taking a shower with my clothes on.

Easily avoided if you are half smart.

1 hour ago, Ralf001 said:

Who remembers how much they spent last Songkran ?

Nothing, it was cancelled.

2 minutes ago, Henryford said:

Nothing, it was cancelled.

2020 was cancelled, 2021 happened albeit with heavy restrictions.

19 hours ago, snoop1130 said:

 

 

Spending by the public during the long Songkran holiday next week is projected to be the lowest in a decade,

Not surprising, when Draconian COVID-19 regulations are affecting employment and incomes!!

 

Never mind the governments work is done for another year ????