Consumer confidence further rises in November

[snoop1130]

Consumer confidence further rises in November

By: PETCHANET PRATRUANGKRAI

THE NATION

BANGKOK -- CONSUMER CONFIDENCE increased for the second consecutive month in November, to the highest level in 11 months, thanks to a positive outlook on economic growth into next year and stable politics, according to the University of the Thai Chamber of Commerce.

"Consumer confidence should increase continuously in the following months if no serious negative factors such as the conflict in the Middle East or terrorism in France have an effect. Domestic factors seem to be influencing a positive consumer outlook for the country's growth and helping to increase their spending confidence," Thanavath Phonvichai, director of the UTCC's Economic and Business Forecasting Centre, said Thursday.

With better confidence, consumers feel optimistic about spending their money on durable goods and travel, particularly for purchasing a new house or new car, after the government's measure to lower housing-transfer and mortgage fees.

Consumers will also decide to purchase new cars during the rest of this year, as the excise tax for some vehicles will be increased in 2016. The Consumer Confidence Index (CCI) for November rose to 74.6 points from 73.4 in October, echoing more positive prospects for stronger economic growth late this year and in 2016, though still below the 100-point baseline.

Source: http://www.nationmultimedia.com/breakingnews/Consumer-confidence-further-rises-in-November-30274253.html

-- The Nation 2015-12-03

[BigBadGeordie]

My confidence is high, another beer please!

[Srikcir]

"CONFIDENCE increased for the second consecutive month in November, to the highest level in 11 months"

And the three biggest rises in the household debt-to-GDP gap since 2007 for Asia were in Thailand, Malaysia and China.

Try to pay a bill, fuel your car, or buy groceries with "consumer confidence." It's a non-negotiable currency.

[elgordo38]

My confidence is high, another beer please!

Better hurry and drink quite a few as the tax seems to be going up next year as well.

[i claudius]

Well the renters and buyers of properties do not seem over confident at the moment

[shirtless]

How do they measure this so called confidence , i am yet to see and uptick in domestic consumption .

[jacky54]

I thought Thai consumers were already crippled by domestic debt?

[Krataiboy]

I thought Thai consumers were already crippled by domestic debt?

They are. Over eighty per cent of Thai households are "heavily" in debt, according to official stats. And that's just how you like 'em if you are in government or a captain of industry. The junta's stated intention to rely more on the domestic economy and less on foreign trade can only make matters worse.

[billphillips]

Another release ordered by the ministry of silly comment?

[thaiguzzi]

Not according to the New York Times and it's censored version here.

[MobileContent]

I heard the opposite Crime Rate is up by over 60% and a lot of bankruptcies.