February Consumer Confidence Index surged to 14-month high: UTCC reports

[rooster59]

February Consumer Confidence Index surged to 14-month high: UTCC reports

By THE NATION

 

FEBRUARY’S Consumer Confidence Index (CCI) reached its highest point in 14 months, given improvement in exports, tourism and crop prices, said the University of the Thai Chamber of Commerce’s Economic and Business Forecasting Centre.

 

Thanavath Phonvichai, director of the centre, said the CCI rose for the third consecutive month from 74.5 to 75.8 in February, while the confidence sub-index on the overall economy edged up from 63.1 to 64.3. All scores below 100, however, indicate low confidence.

 

The rises were attributed mainly to improved exports, tourism, and higher prices of crops, particularly rubber, oil palm and sugar cane.

 

Full story: http://www.nationmultimedia.com/news/business/EconomyAndTourism/30308601

 

 

-- © Copyright The Nation 2017-03-11

[BigBadGeordie]

 

"Thanavath Phonvichai, director of the centre, said the CCI rose for the third consecutive month from 74.5 to 75.8 in February, while the confidence sub-index on the overall economy edged up from 63.1 to 64.3. All scores below 100, however, indicate low confidence."

 

So the figures have surged to a level of low confidence, well done indeed.

Edited March 10, 2017 by BigBadGeordie
Typo

[elgordo38]

9 hours ago, rooster59 said:

FEBRUARY’S Consumer Confidence Index (CCI) reached its highest point in 14 months, given improvement in exports, tourism and crop prices, said the University of the Thai Chamber of Commerce’s Economic and Business Forecasting Centre.

Really have the banks come out with a new promotion? Borrow 1 get 2 free???