Thailand's consumer confidence falls further in April-Xinhua

Thailand's consumer confidence falls further in April

Source: Xinhua| 2024-05-15 20:49:45|Editor: huaxia

BANGKOK, May 15 (Xinhua) -- Thailand's consumer confidence index (CCI) dropped for a second straight month in April due to a slow economic recovery, rising energy prices and ongoing geopolitical tensions, a survey showed on Wednesday.

According to the survey conducted by the University of the Thai Chamber of Commerce (UTCC) of 2,242 respondents across the Southeast Asian country, the CCI dipped to 62.1 last month from 63.0 in March as all components of the index declined.

Consumers remained worried about the sluggish Thai economy, high living costs and interest rates, as well as the impacts of geopolitical conflicts on exports and energy prices, the UTCC said in a statement.

Sentiment in domestic politics, which saw a plunge for the first time in nine months, also contributed to the decline, said UTCC President Thanavath Phonvichai.

The government's implementation of fiscal measures to stimulate growth following the approval of the delayed budget bill could restore consumer confidence in the second half of the year, Thanavath told a news conference.