Thailand's consumer confidence drops to 9-month low in June


Bangkok, Jul 11 (IANS): Thailand's consumer confidence fell for the fourth consecutive month in June, hitting the lowest level in nine months, due to concerns over a slowing economy growth and political uncertainty, a survey showed on Thursday.

According to the survey of 2,243 respondents conducted by the University of the Thai Chamber of Commerce, the consumer confidence index dropped to 58.9 last month from 60.5 in May as all components of the index decreased.

Consumers were worried about high living costs, mainly owing to rising fuel prices amid a sluggish economic recovery, said the President of the university Thanavath Phonvichai, reports Xinhua news agency.

Political uncertainty stemming from a court case that seeks to remove Prime Minister Srettha Thavisin from office might impact the implementation of the government's stimulus measures, including its flagship cash handout scheme through a digital wallet, Thanavath told a news conference.

However, the acceleration of budget disbursements and public investments could restore economic growth and consumer confidence in the third quarter of this year, he noted.

 

  

Top Stories


Leave a Comment

Title: Thailand's consumer confidence drops to 9-month low in June



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.