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Thailand's January Consumer Confidence Index Hits Record High For 16 Months

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Thailand's January Consumer Confidence Index hits record high for 16 months

By Digital Media

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BANGKOK, Feb 7 – Thai Consumer Confidence Index (CCI) in January rose for the third consecutive month and hit its record high since October 2011, according to a survey by the Thai Chamber of Commerce University (TCCU) Economic and Business Forecasting Center.

Thailand’s CCI in January stood at 81.7, up from 80.2 in December last year, said centre director Thanawat Polvichai.

The Consumer Confidence Index in all categories rose and bounced back to its normal level, the same as the level before the country was hit by devastating flood in 2011.

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The confidence index for the overall economy rose to 72.1 from 70.6and confidence index on future income touched 100, the first time in 16 months, up from 98.3 in the previous month thanks to improved local and global economy.

Consumption, investment, exports and tourism, which have been improved and minimum wage rise support overall purchasing power.

He said the Bank of Thailand’s 2013 Gross Domestic Product growth projection at 4.9 per cent and over 5.5 percent projection by the Office of the National Economic and Social Development Board is a positive factor while the policy interest rate remains at 2.75 per cent.

The Thai stock market rose 82.27 points in January and exports recovered significantly in December 2011, supporting economic growth and consumer spending in buying new cars and travel. As a result, he said the GDP in the first half of this year is likely to grow 4-5 per cent. (MCOT online news)

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-- TNA 2013-02-07

How did the survey? Government must be doing something right then! smile.png

I wonder who really creates these statistics? Every Thai person I talk to tell me they have no confidence and the Consumer Confidence is way down. Cost of living has skyrocketed, and many simply don't feel they can consume anything other than high priced staples.

There's a bubble growing and it's going to burst when those who manipulate the markets reel in their profits..

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