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News Forum - A jump in Thailand’s Consumer Confidence Index


Thaiger
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Thailand’s economy is slowly but surely making a comeback after being devastated by Covid-19 restrictions. Last week, the University of the Thai Chamber of Commerce reported that Thailand’s Consumer Confidence Index had risen. The country’s CCI rose from 40.2 to 41.6 in June, the UTCC said. This news comes after Thailand’s CCI had been in decline for several months. April’s rate was 40.7, March’s was 42, February’s was 43.3, and January’s was 44.8. A purchasing power index below 100 is a sign of slow economic recovery and weak purchasing power. But could the recent jump be a sign of good […]

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55 minutes ago, Thaiger said:

If the ministry’s dreams come true, Thailand’s tourism revenue this year could likely be over 1.27 trillion baht.

Spiking flight prices and soaring inflation in mind, I doubt there'll be any "high season" this year. If the Baht plummets, and I mean far more than the current tiny dip, it could of course be helpful.

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The CCI shows just how illiterate people are when it comes to evaluating things economic. As a pervious poster noted 92% of people spend more than they earn so how they can be more positive is beyond belief. Perhaps it shows that a drowning man will clutch at a piece of straw because our dear leader is nothing more than a man of straw.

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Thais are perpetually positive and confident about the future. Asking them about today and they will say life is challenging. Ask them about tomorrow and they will tell you things will be better. I wouldn't put a lot of stock into a Thai CCI 

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