Oak Maedow Phuket
Oak Maedow Phuket BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Consumer confidence at 21-month low

Consumer confidence at 21-month low

THAILAND: The consumer confidence index fell for the fourth straight month to 76.4 in June, from 77.7 in May, the lowest in 21 months, on concerns including political stability, according to the University of the Thai Chamber of Commerce.

economicspolitics
By Bangkok Post

Friday 5 July 2019, 11:04AM


Thanavath Phonvichai, vice president of the University of the Thai Chamber of Commerce, announces results of its June consumer confidence survey in Bangkok on Thursday (July 4). Photo: Bangkok Post

Thanavath Phonvichai, vice president of the University of the Thai Chamber of Commerce, announces results of its June consumer confidence survey in Bangkok on Thursday (July 4). Photo: Bangkok Post

UTCC vice president Thanavath Phonvichai said on Thursday (July 4) that apart from politics, surveyed consumers were concerned about local economic problems, weak purchasing power, low farm prices and global economic uncertainty due to the trade war between China and the United States.

The confidence level was the lowest since October 2017, he said.

The university’s survey of 2,246 people nationwide also showed confidence in the overall economy fell from 64.8 in May to 63.4 in June, employment confidence from 73.3 to 72.2 and confidence in future income from 95.0 to 93.5. These indices also fell for the fourth straight month.

Mr Thanavath said consumers were likely to spend carefully until the third quarter of this year.

ZENITHY POOL VILLAS

 

 

Read original story here.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Kurt | 08 July 2019 - 13:53:59

No confidence in present politics, weak purchasing power ( many people live in debts, just pay interests). Low farm prices? No, seen the local high appreciation of the Baht the farm prices are to high to compete with farm prices abroad. And cheap excuse to refer to a trade war is nonsense. Actually Thailand could make use of it for own benefit, but it needs smart thinking/doings.

 

Have a news tip-off? Click here

 

Phuket community
Phuket’s notorious Nui Beach club finally torn down

Great, and the next ate the illegal building between Ao Sane and Nai Harn beach. ...(Read More)


Phuket’s notorious Nui Beach club finally torn down

Only took 5 years. Will they be back before high season (if there is one) for another 5 year run....(Read More)


No US base in Thailand: Apirat

they should not let that delegation enter thailand. covid19 is just detectable with tests 5 days aft...(Read More)


Bangla workers plea to health ministry for help

Must say, that many 'unskilled' Bangla labour' speak better english and are certainly m...(Read More)


Task force to be formed to track tourists

Check and Track only the Foreign Tourist from moment the Thai airspace opens? That is message of all...(Read More)


Bangla workers plea to health ministry for help

@Galong. Bangla Road must be like Sodom and Gomorrah for you.For the sake of moral decency you would...(Read More)


Bangla workers plea to health ministry for help

Den Alder.... you described it correctly. The problem is that common sense is unfortunately absent i...(Read More)


Phuket restaurant in hot water over charging tourists high prices

DEK... I comment where I want and about what I want... Its called freedom of speech. If you like it ...(Read More)


Phuket restaurant in hot water over charging tourists high prices

"Another brilliant example why foreigners should refrain from visiting..." And some should...(Read More)


Bangla workers plea to health ministry for help

Bangla is nothing but unskilled labor relying on sleaze and exploitation. It's one of the tacki...(Read More)