Thai consumer confidence fell in Jan
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Thailand’s consumer confidence index fell to 80.4 points in January from 81.1 last December due to concerns about slow economic recovery, baht appreciation, weak exports and low prices for farm products.
The University of the Thai Chamber of Commerce announced on Thursday that consumer confidence declined as the national economy was expanding more slowly than its real potential, Thai exports did not recover well, the baht appreciated slightly and prices of farm products fell.
Questions & Answers
Q.What was the consumer confidence index reading for January?
What was the consumer confidence index reading for January?
The consumer confidence index for Thailand stood at 80.4 points in January. This represents a slight decline from the 81.1 points recorded in the previous month of December.
Q.What factors caused the fall in consumer confidence?
What factors caused the fall in consumer confidence?
The decline in consumer confidence was attributed to several factors. These included concerns about slow economic recovery, the appreciation of the baht, weak exports, and low prices for agricultural products.
Q.Which organisation reported the decline in consumer confidence?
Which organisation reported the decline in consumer confidence?
The University of the Thai Chamber of Commerce was the organisation that announced the fall in consumer confidence. Their report was released on Thursday, detailing the reasons behind the decline.
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