Thailand: January CCI highest in 36 months
Thailand’s Consumer Confidence Index (CCI) in January reached a 36-month high, which reflected a healthy economy
Tourists go shopping in downtown Bangkok, Thailand (Photo: Kyodo/VNA)Bangkok (NNT/VNA) - Thailand’s Consumer Confidence Index (CCI) in January reached a 36-month high, which reflected a healthy economy, according to the Director-General of the Trade Policy and Strategy Office (TPSO).
Citing the January CCI report of the University of the Thai Chamber of Commerce, TPSO Director-General Pimchanok Vonkorpon explained that the report which surveyed 3,578 people across the Kingdom showed positive results. It indicates that the index is influenced by the general public’s opinion of the Kingdom’s current economic state.
The continued improvement of CCI, signals positive signs in the local economy, which may lead to more spending and an increase in cash circulation. If the trend continues, the nation may be able to achieve its target inflation rate set by the Bank of Thailand of 2.5 percent.
The Joint Standing Committee on Commerce, Industry and Banking expects this year's inflation rate to range from 1.1 percent to 1.6 percent. - VNA
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