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Thailand's consumer confidence falters in January

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Thailand's consumer confidence falters in January
By MarketWatch
Nopparat Chaichalearmmongkol

BANGKOK--Thailand's consumer sentiment weakened in January due to global economic and geopolitical concerns, according to the latest report from the University of the Thai Chamber of Commerce.

The university's monthly survey showed that the Thai consumer confidence index fell for the first time in four months to 75.5 in January, compared with 76.1 in December.

Thanavath Phonvichai, director of the university's Economic and Business Forecasting Center, told a news conference that the weakening in consumer confidence was a surprise after the index has been rising for three consecutive months.

Full story: http://www.marketwatch.com/story/thailands-consumer-confidence-falters-in-january-2016-02-03

-- Market Watch 2016-02-04

"Thailand's consumer sentiment weakened in January due to global economic and geopolitical concerns"

Wrong, most consumers dont know a world exists outside Thai borders.

When is goes down, its blamed on the outside world. When it goes up, it is because of the juntas management of the economy. Figure that one out!

"Thailand's consumer sentiment weakened in January due to global economic and geopolitical concerns"

Wrong, most consumers dont know a world exists outside Thai borders.

When is goes down, its blamed on the outside world. When it goes up, it is because of the juntas management of the economy. Figure that one out!

You beat me to it. It's almost exactly what I just wanted to post, too.

When consumer confidence within any given country falls, it's primarily due to a combination of factors within that same country, such as rising consumer goods prices even for local products, tax increases, stagnating salaries and wages, a rise in housing costs (rent, utilities), inflation and the depreciation of the national currency, restrictive government policies and laws, etc.

The global economy and particularly the geopolitical climate have preciously little to do with anything, especially in a rather insular, inward-looking country such as Thailand.

But as you already correctly mentioned, when local consumer confidence goes up, who is taking credit and praise for it? Right...

Edited by Misterwhisper

  • Author

Consumer confidence down ahead of Chinese New Year

BANGKOK, 4 January 2016 (NNT) - Several provinces are seeing lower-than-expected consumer spending ahead of Chinese New Year this year.


Many Thais of Chinese descent celebrate Chinese New Year by wearing red clothing. In Chinese culture, red symbolizes luck and fortune.

However, a clothing store owner in the capital district of Chonburi province, Pathum Lorthong, said that red clothes have not been selling well at her store. She said she believed people have become more frugal, as the Thai economy is still recovering. Mrs. Pathum added that it was too soon to say if this year’s sales of red clothing would fall from the previous year, as the celebrations begin next Monday.

In Trang province, many store owners have also said demand for red clothing has declined. They claimed that only a few religious and ceremonial items have been sold, and most Chinese New Year shoppers were repeat customers who visited their stores last year.

Meanwhile, the prices of some fresh vegetables have increased significantly ahead of the celebration in Bueng Kan province. Due to a short supply of Chinese morning glory, it is now being sold at 10 baht per bundle at the market. Kale is being sold for 20 baht per bundle while cucumbers are being sold from 30 – 40 baht per kilogram.

nntlogo.jpg
-- NNT 2016-02-04 footer_n.gif

She said she believed people have become more frugal, as the Thai economy is still recovering.

People have not become more frugal at all, people everywhere have little money to spend, the country is drowning in debt. As for the economy recovering, that is absolute nonsense.

Thailand's consumer sentiment weakened in January due to Thailand's economy collapsing, unending political concerns, and the strong possibility of a dark, bleak future ahead.

One look at the Baltic Dry Index (now the lowest in it's thirty year history) says confidence is collapsing globally . . .

https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/bdi.html

http://www.bloomberg.com/quote/BDIY:IND

. . . it ain't just Thailand.

MJP you better fill in SET investors its up for the second day and the baht is strengthening again. Also inform world wide investors as they are bellying up to the bar and stock markets are showing little effect in fact going against the real economical facts out there. What a bunch of media junkies.

One look at the Baltic Dry Index (now the lowest in it's thirty year history) says confidence is collapsing globally . . .

https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/bdi.html

http://www.bloomberg.com/quote/BDIY:IND

. . . it ain't just Thailand.

MJP you better fill in SET investors its up for the second day and the baht is strengthening again. Also inform world wide investors as they are bellying up to the bar and stock markets are showing little effect in fact going against the real economical facts out there. What a bunch of media junkies.

Even during the Great Depression there were rallies and short lived bull runs. Looking at the lay offs from major corps recently doesn't bode well either.

Stock markets have been pumped up by QE cash.

As for Thailand, a country heavily reliant on both exports and FDI, the fall in FDI of 78% throughout 2015 will surely be felt at some point.

The potential for a BOT rate cut of 0.50% projected in June 2016 may be accelerated to 0.25% in March 2016 in an effort to shore up market capital.

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