Thai consumer confidence index grows three months in a row

[webfact]

Consumer’s confidence index grows three months in a row

 

 

BANGKOK: -- Consumer’s confidence index for the month of September increased to 74.2, representing an increase for the third month in a row and the highest in six months, according to the survey result of the economic and business forecast centre of the University of Thai Chamber of Commerce.

 

Thanawat Pholvichai, director of the centre, said Thursday that consumers started to become more confident as evident in the increasingly economic recovery and improvement of social and political atmosphere coupled with the expectation that the government will spend more in investments and in stimulus packages during the last quarter of the year.

 

Consumer’s confidence in the economy for the month of September was registered at 63.4 points compared to last month’s 62.2 points, representing an increase for the third month in a row while confidence in job opportunities was registered at 68.6 points and confidence index in future income was registered at 90.7 points.

 

Thanawat pointed out that consumer’s confidence in political situation increased for the fourth month in a row, representing the highest in 11 years and five months.

 

Full story: http://englishnews.thaipbs.or.th/consumers-confidence-index-grows-three-months-row/

 

-- © Copyright Thai PBS 2016-10-07

 

-- © Copyright Thai PBS 2016-10-07

[elgordo38]

10 hours ago, webfact said:

Thanawat pointed out that consumer’s confidence in political situation increased for the fourth month in a row, representing the highest in 11 years and five months.

Can someone pass me a shovel please. Does anyone notice these so call great numbers being spouted around the planet.  Must be the new war of words. I just hope you people think of the old phrase "Brains baffles bullshit every time" well almost

[Brer Fox]

I suspect that this claimed improvement demonstrates two things:

1 Primarily that the quality of statistics massaging has improved.

2.The recent increase in the minimum wage might make a few people smile a little.

[Srikcir]

10 hours ago, webfact said:

Consumer’s confidence index for the month of September increased to 74.2, representing an increase for the third month in a row and the highest in six months

Meaningful in what reality?

• (2016-10-03) - Inflation rate increases six months in a row 
• (2016-09-29) - There is no need to impose more measures to stimulate the economy. DPM Somkid
•  (2016-09-24) - Growth is likely to stay below 3.2%
• (2016-09-24) -The number of small-size events held in Thailand is expected to fall 15 per cent this year due to the ongoing economic slowdown
• (2016-09-16) - Household debts jump to the highest level in nine years
• (2016-09-14) - Thai export growth will remain negative this year
• (2016-09-08) - Thailand's military government aims to jolt its underperforming economy into action with $40 billion of big-ticket investment projects - but so far nearly all the plans remain just that, with less than 1 percent of the amount spent.
• (2016-09-03) - Foreign investments to be promoted only when country has stability
• (2016-08-30) - Thailand's employment situation has been in decline in the second quarter of this year

[digibum]

When someone is punching you in the face your confidence in your future is pretty low.  

 

But based on how hard they're hitting you, you figure they'll eventually hurt their hand and quit hitting you so your confidence goes up.   

 

Rises in consumer confidence without corresponding rises in other key economic indicators is usually just wishful thinking or the result of people being beaten down so badly that they can't help but think things can't get worse.