The consumer confidence index fell to 80.4 points in January from 81.1 last December over concerns of a slow economic recovery, appreciation of the baht, weak exports and low prices for farm products.
Consumer confidence declined in January due to concerns on local economic circumstances. (Photo by Apichit Jinakul)
The University of the Thai Chamber of Commerce announced 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.
Consequently, consumers were concerned about the cost of living.
The index of consumer confidence in the overall economy dropped from 70.5 last December to 69.7 in January. The index of consumer confidence in job opportunities decreased from 74.6 in December to 74.1 in January and in future income it fell from 98.3 to 97.4.
Positive factors are the repurchase rate being maintained at two percent and low retail oil prices.