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Consumer confidence index edges up in November

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Thailand’s consumer confidence index (CCI) edged up in November, bolstered by the news from the National Economic and Social Development Board (NESDB) that the country’s economy had picked up, according to a leading economic forecaster.

Director Thanawat Palavichai of the University of the Thai Chamber of Commerce (TCC) Economic and Business Forecasting Center said the confidence index on overall economy climbed to 69.1 in November from 68 in October.

The CCI on job opportunities rose to 67.8 in November from 66.9 in October and on future incomes to 92.6 from 91.1.

Dr Thanawat said the consumer confidence index declined in October since consumers were uncertain about both the domestic and international economies.

The CCI edged up in November due to the NESDB assertion that the economy had improved, with a stronger baht, increased trading on the Stock Exchange of Thailand, stable oil prices, and the flow of money into the economic system following the implementation of Thai Khem Keng (Strong Thailand) scheme.

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