Consumer confidence index returns and hits 18-month high

[webfact]

Consumer confidence index returns and hits 18-month high



BANGKOK: -- Consumer confidence posted a healthy gain again in December with index hitting an 18-month high.

According to the University of the Thai Chamber of Commerce, the consumer confidence index rose to 81.1 points from 79.4 in November, which fell from 80.1 points in October.

It was the highest since June 2013, when the index was 81.6.

The strengthened consumer sentiment was buoyed by falling oil prices, the Monetary Policy Committee’s recent decision to maintain the policy interest rate and the government’s discount campaigns across the country during the New Year celebrations.

Thanavath Phonvichai, vice-president of the research arm of the university said lower oil price is possibly the prime factor.

It helped raise the amount in people’s purchasing power, he said.

Falling oil prices are estimated to help Thai consumers and businesses save about 10 billion baht a month or 120 billion baht a year.

On average, Thailand consumes about 22 million litres of petrol, including gasohol, and about 55 million litres of diesel a month, he said.

Local oil prices have fallen gradually since May, with the price of petrol falling by an average of 10 baht from 38.08 to 41.53 baht a litre in May, and that of diesel declining from 29.99 baht per litre to now 26.39 baht.

Mr Thanavath said lower oil prices helped increase disposable income, and accordingly boost domestic spending, which is vital to the country’s economic growth this year.

Moreover acceleration of budget spending and investment in government sector could lift confidence in coming month, he said.

He also forecasted global oil prices to stay around US$40 per barrel in the first half of this year, leading domestic oil prices to possibly drop by another two baht per litre.

But he cautioned that negative factors still exist, particularly volatile global economy, export outlook, low farm product prices and the high cost of living concern.

Source: http://englishnews.thaipbs.or.th/consumer-confidence-index-returns-hits-18-month-high


-- Thai PBS 2015-01-08

[JOC]

"According to the University of the Thai Chamber of Commerce, the consumer confidence index rose to 81.1 points from 79.4 in November, which fell from 80.1 points in October.

It was the highest since June 2013, when the index was 81.6." Quote

Oh the irony!!

Returning happiness to the people is scoring 81.1, while the democratic elected government scored 81.6.........

Maybe real happiness is hidden in the ballot box??

[djjamie]

"According to the University of the Thai Chamber of Commerce, the consumer confidence index rose to 81.1 points from 79.4 in November, which fell from 80.1 points in October.

It was the highest since June 2013, when the index was 81.6." Quote

Oh the irony!!

Returning happiness to the people is scoring 81.1, while the democratic elected government scored 81.6.........

Maybe real happiness is hidden in the ballot box??

"Maybe real happiness is hidden in the ballot box??"

Will you use the "All the Thai's I know" defense to further argue that the PTP will romp it in!!!

​On a side note it is good to see that this confidence rebounded the instant the military took over. The way it was trending when the red shirts spilt blood it would be in the negatives had the military not steeped in.

Oh, stability and peace. It nurtures a population like a mother does her new born. Well done Prayut another success story and the peoples confidence is their way of saying thanks to you, oh and the 200 poll results is another. Oh, and all the people I know!!!!

I wish they had an election tomorrow actually, but alas we know what happened last time that was rushed.

Edited January 8, 2015 by djjamie

[JOC]

"According to the University of the Thai Chamber of Commerce, the consumer confidence index rose to 81.1 points from 79.4 in November, which fell from 80.1 points in October.

It was the highest since June 2013, when the index was 81.6." Quote

Oh the irony!!

Returning happiness to the people is scoring 81.1, while the democratic elected government scored 81.6.........

Maybe real happiness is hidden in the ballot box??

"Maybe real happiness is hidden in the ballot box??"

Will you use the "All the Thai's I know" defense to further argue that the PTP will romp it in!!!

​On a side note it is good to see that this confidence rebounded the instant the military took over. The way it was trending when the red shirts spilt blood it would be in the negatives had the military not steeped in.

Oh, stability and peace. It nurtures a population like a mother does her new born. Well done Prayut another success story and the peoples confidence is their way of saying thanks to you, oh and the 200 poll results is another. Oh, and all the people I know!!!!

I wish they had an election tomorrow actually, but alas we know what happened last time that was rushed.

I wish they had an election tomorrow actually, but alas we know what happened last time that was rushed.

What rushed election? The Feb 2014 election was according to all constitutional guidelines.

That the "Democrats" decided not to take part, can hardly be blamed on the PTP.

With your selective memory, you seem to have forgotten, that the voters were prevented from casting their votes by Suthep and his henchmen. All while Prayut and the army were waiting on the sidelines for their clue to enter the stage.

As for your wish about an election tomorrow, both you and I know, that PTP will win by a landslide. Which sadly brings us back to square 1.

To avoid that, I would prefer Prayut to be honest and stop pretending by playing his "democracy-game".

Tell the Thais, that he is here for the long haul and society can adjust accordingly.

[brain150]

pure propaganda !

[yellowboat]

The junta takes every opportunity to pound its chest.