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Home  >>   Daily News  >>   Thailand News  >>   Economy  >>   Thai consumer confidence rises
NEWS UPDATES Asean Affairs        9  June  2011

Thai consumer confidence rises

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Thai consumer confidence index on the overall economy for May went up for the first time in four months to 71.1, from 70.5 on a previous month.

The Economic and Business Forecasting Centre at the University of the Thai Chamber of Commerce reported on Thursday that the consumer confidence on job opportunity stood at 71.1 and at 98.5 on future income.

The center said the positive factors that boosted the consumers' confidence included the dissolution of House of Representative to pave way for fresh election, the expectation that the new government would come up with more economic stimulus measures, and the decline in domestic fuel prices.

The National Economic and Social Development Board's decision to maintain its growth projection for the year at 3.5 to 4.5 percent, the rising prices of agricultural products, the weakening baht value and the continuing export expansion had also helped restore confidence of consumers, it added.

The negative factors were higher cots of living, political uncertainty, impacts of natural disasters and the fragile world economic recovery, according to the centre.



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ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 

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