snoop1130 Posted June 2, 2022 Share Posted June 2, 2022 BANGKOK (NNT) - The central bank of Thailand has reported that retailer confidence at present and over the next three months is on a downward trajectory, mainly due to the rising living expenses. The Bank of Thailand (BOT), explained that the projection is also influenced by the weakening consumer purchasing power, as various government stimulus campaigns expired. These factors inevitably suppressed the recovery of the retailing sector. The BOT further indicated that people are still shying away from spending, despite the improving COVID-19 situation, leading to more outdoor activities. This is partly because of the rising prices of consumer products and transportation costs, stemming from the prolonged war in Ukraine disrupting the global supply chain of various goods and more importantly fuel. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe The central bank said that retailer confidence in the northern and northeastern regions contracted following price hikes of several items. However, vendors’ confidence in Bangkok and its vicinity improved slightly, as sellers in the areas stockpiled their offerings prior to the hikes, and major retailers organized sales campaigns to stimulate spending. The confidence of supermarkets, hypermarkets, and restaurants rose higher than that of the previous month, in contrast to the spending per bill rate of consumers. Prices of goods remain the major factor affecting the recovery of consumers’ spending power, said the central bank. -- © Copyright NNT 2022-06-02 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Link to comment Share on other sites More sharing options...
worgeordie Posted June 2, 2022 Share Posted June 2, 2022 25 minutes ago, snoop1130 said: The confidence of supermarkets, hypermarkets, and restaurants rose higher than that of the previous month, in contrast to the spending per bill rate of consumers. Maybe due to higher prices, ..... regards Worgeordie 2 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted June 2, 2022 Popular Post Share Posted June 2, 2022 13 hours ago, snoop1130 said: The BOT further indicated that people are still shying away from spending, despite the improving COVID-19 situation, leading to more outdoor activities. Two years of the PM deliberately destroying your economy, nonsense shutdowns and punters using up all their savings to survive will do that. 3 Link to comment Share on other sites More sharing options...
jacko45k Posted June 3, 2022 Share Posted June 3, 2022 20 minutes ago, RichardColeman said: Two years of the PM deliberately destroying your economy, nonsense shutdowns and punters using up all their savings to survive will do that. Personally I spent substantially less during these silly times.... 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted June 3, 2022 Share Posted June 3, 2022 Dear BoT, The higher you jack up the Baht, the less those of us on fixed foreign pensions will spend. And yes, we also feel this inflation —Baht inflation. Link to comment Share on other sites More sharing options...
hotchilli Posted June 3, 2022 Share Posted June 3, 2022 17 hours ago, snoop1130 said: The BOT further indicated that people are still shying away from spending, despite the improving COVID-19 situation, leading to more outdoor activities. Less money in their pockets and rising prices, belts are being tightened. Link to comment Share on other sites More sharing options...
vivananahuahin Posted June 3, 2022 Share Posted June 3, 2022 inflation, maybe they wiil admit that this word exist, stagnation and recession also. Link to comment Share on other sites More sharing options...
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