Thailand’s consumer confidence index (CCI) in April retreated to 79.9 from 80.7 in March, the first decline since November, according to a survey conducted by the prestigious University of Thai Chamber of Commerce (UTCC).
UTCC vice rector Saowanee Thairungroj said the survey also indicated that the economic confidence index declined to 73 in April from 73.8 a month earlier in response to the impact of rising oil prices, which had caused consumers to become worried over higher cost of living.
Consumers were also not comfortable with the prospects for political stability in Thailand in future, said Mrs. Saowanee. (TNA)
Nothing surprising. Inflation (gasoline + rice + dozen of other prices increases) starts to bite the thai consumer’s enthousiasm (and the rozy fantasy promoted by the government).
And it will continue to do so.
Add the serious political instability of the country… The situation could to get worse.
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