There was a decline, the first for five months, in The University of the Thai Chamber of Commerce (UTCC) consumer confidence index (CCI) during September.
UTCC’s Economic and Business Forecasting Center revealed the CCI during September has dropped to 79.2 points from 80.1 points in August. This was attributed to a slow recovery in the Thai economy as a result of low prices on agricultural goods.
Lower exports and a slow recovery in the tourism sector have also contributed to the decline of the CCI, causing a number of business operators and owners to be worried about their income.
Meanwhile, the Finance Ministry’s Fiscal Policy Office (FPO) has still maintained its earlier forecast that the Thai economy will grow by 2.0 percent for the entire year.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
