Thailand: Consumer confidence increases for second month

Thailand: Consumer confidence increases for second month hinh anh 1

Thailand’s consumer confidence index increases for the second straight month (Source: thaivisa.com)

Bangkok (VNA) – Thailand’s consumer confidence index increased for the second consecutive month in September, thanks to brighter economic prospects as exports and tourism continue to grow, according to a survey released by the University of the Thai Chamber of Commerce on October 5.

The index rose from 74.5 points in August to 75 points in September, the report said.

Consumers also felt that Government spending will increase later this year and the political situation will become more stable in the future.

The report noted that consumers might be more confident in spending in the fourth quarter, but low commodity prices remain a concern.

Last week, the Bank of Thailand raised its 2017 economic growth forecast to 3.8 percent from 3.5 percent, with exports rising 8 percent.

In 2016, the region’s economy expanded 3.2 percent, slower than regional peers.-VNA

VNA

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