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Consumer confidence up for fifth month in a row

Published by
The Bangkok Post

Consumer confidence increased for the fifth straight month in October, hitting a 10-month high, boosted by strong exports, a recovery in tourism and the easing of the pandemic. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 46.1 in October from 44.6 in September, 43.7 in August, 42.4 in July and 41.6 in June. It stood at 40.2 in May, 40.7 in April, 42 in March, 43.3 in February and 44.8 in January. An index lower than 100 points reflects weak purchasing power based on a slow economic recovery. Thanavath Phonvichai, president of …

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