Thailand’s consumer confidence index (CCI) for the month of April plunged to 79.2 points – the lowest in 16 months.
Mr. Thanawat Pholvichai, director of the economic and business forecast centre at the University of Thai Chambers of Commerce (UTCC), said that Thai consumers were worried about several ongoing issues.
Those issues include concerns over political uncertainty, slow domestic economic recovery and the global economic slowdown.
Political uncertainty and falling farm product prices
The price reductions of numerous farm products, domestic political uncertainty, plus concern over the Brexit issue, have all combined to have an effect on the consumer confidence, said Thanawat.
However, he pointed out that the most significant negative factor for the month of April was the Fiscal Policy Office’s downward adjustment of Thailand’s 2019 growth rate projection to 3.8% from 4% and the export growth forecast from 4.5% to 3.4%.
The UTCC’s economic and business forecast centre based its report on a survey of 2,242 consumers nationwide.
Real estate developers’ confidence falls in Q2 2019
Real estate developers are also waiting for the government’s policy on real estate and housing development to be clarified.
MRT to start passenger Test Runs late July on Blue Line extension
The Mass Rapid Transit Authority (MRTA) commenced internal test runs on the MRT Blue Line’s Hua Lamphong – Bangkae extension on 1st July this year.
Thailand’s e-commerce to reach 13 billion USD by 2025
Southeast Asia will account for 20 percent of worldwide e-commerce by 2022. Moreover, Asia-Pacific is expected to become the largest cross-border trade region for both imports and exports.
The Creators HQ to penetrate Rangsit area with premium high-rise condominium
The Creators HQ has invested as much as 1.5 billion baht to build a premium condominium under the “Common TU”...
Compliance education is coming to Singapore this July
It is vital for organizations across industries and around the world to adhere to local and international compliance regulations. This...
True Digital Park opens Work Space to ignite future Thai unicorns
Under the concept of ‘One Roof, All Possibilities’, True Digital Park is now ready to ignite startup unicorns and support...