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News Forum - Commerce experts predict Thailand’s consumer spending will hit 17 year high during New Year

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Commerce experts predict that Thailand’s consumer spending will hit a 17 year high during the New Year period coming soon. The president of the University of the Thai Chamber of Commerce (UTCC) discussed the UTCC’s predictions at a conference on “Consumer behaviour and spending during the 2023 New Year Festival.” The president, Thanavath Phonvichai, said the period is expected to generate over 103.04 billion baht (US$2.9 billion). This, he said, would be the first time since 2007 that consumer spending exceeded 100 billion baht. A survey on consumer spending during the New Year was conducted on 1,345 respondents from December […]

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