Thai consumer's confidence index for August the highest in 13 months

[webfact]

Consumer's confidence index for August the highest in 13 months

BANGKOK: -- Consumer’s confidence index for August jumped to 80.1 – the highest point for the past 13 months since last August, said Mr Thanawat Polvichai, director of the economic and business forecast centre of the University of Thai Chamber of Commerce, today.

He attributed the increase which represents the fourth month in a row to public confidence in political stability and the potential that the economy will recover faster.

He predicted consumption of the people’s sector to increase steadily, especially during the fourth quarter of the year after the new government was formed and would soon start budgetary spending.

Mr Thanawat said that domestic consumption would be the key engine in driving the economy during the second half of the year and should send the GDP rate to 1.5-2 percent throughout the year.

Source: http://englishnews.thaipbs.or.th/consumers-confidence-index-august-highest-13-months/


-- Thai PBS 2014-09-04

[Costas2008]

Every day we hear more and more good news.

"He attributed the increase which represents the fourth month in a row to public confidence in political stability and the potential that the economy will recover faster."

Any adverse comments to that posters?

About time to open your eyes and ears and believe that, this is the best that ever happened to Thailand.

Keep up the good work Prime Minister.

[NongKhaiKid]

Every day we hear more and more good news.

"He attributed the increase which represents the fourth month in a row to public confidence in political stability and the potential that the economy will recover faster."

Any adverse comments to that posters?

About time to open your eyes and ears and believe that, this is the best that ever happened to Thailand.

Keep up the good work Prime Minister.

Really Costas you believe everything you hear and read ?

Only yesterday over a beer with the Tooth Fairy, who is not really gay, and the Easter Bunny I was assured Elvis is alive and well.

[Costas2008]

Every day we hear more and more good news.

"He attributed the increase which represents the fourth month in a row to public confidence in political stability and the potential that the economy will recover faster."

Any adverse comments to that posters?

About time to open your eyes and ears and believe that, this is the best that ever happened to Thailand.

Keep up the good work Prime Minister.

Really Costas you believe everything you hear and read ?

Only yesterday over a beer with the Tooth Fairy, who is not really gay, and the Easter Bunny I was assured Elvis is alive and well.

I also believe, I can fly.

[sanuk711]

"Consumer's confidence index for August the highest in 13 months"

.

I wonder how high the farang confidence is for the last 13 months...............................

[rickirs]

Consumer Confidence Index isn’t the only thing that is reaching a new high and it's not good news for the Thai economy.

Thailand in 2013 had one of the highest household debt-to-GDP ratios in Asia (see thumbnail)

Ref. Forbes, “Thailand’s Bubble Economy Is heading for A 1997-Style Crash,” Forbes, 11/04/2013.

And ….

A recent survey by the University of Thai Chamber of Commerce (UTCC) showed household debts have increased to an average of 219,000 baht per household this year which are the highest level in nine years with 49 percent being unorganized debts.

University of Thai Chamber of Commerce (UTCC)’s Economic and Business Forecast Centre director Thanawat Pholvichai said the centre conducted behavioural spending of 1,200 households during July 14-20, 2014. The findings from the study revealed 74.8 percent of the households polled said their debts have increased this year whereas 25.2 percent said they have no debts; average household debts amount to 219,000 baht representing an increase of 16.6 percent compared to last year’s average household debts which amounted to 188,000 baht.

Chief economist and executive vice president of Siam Commercial Bank Ms Sutapa Amornvivat said household debt in Thailand stood at 82.3 per cent of gross domestic product at the end of 2013.

Ref. “Poll Shows Household Debts the Worst in Nine Years,” Thai PBS, July 28, 2014