Consumer confidence index in January hits record high in 16 months


BANGKOK, 8 February 2013  The University of the Thai Chamber of Commerce (UTCC) has revealed that the Nation’s consumer confidence index in January hit record high in 16 months. 

According to UTCC Economic and Business Forecasting Center Director Thanawat Polvichai, Thailand’s consumer confidence index(CCI) in overall economy was recorded at 72.1 in January, the highest point in a 16-month-run. However, he was still worried that the global economic situation, especially the European-debt crisis, and Thailand’s domestic political situation, such as the upcoming gubernatorial election, the constitutional amendment, and the Phra Viharn case, could have a huge effect on Thailand’s current and future economy

The director also revealed that the CCI for the next six months rose for the fourth executive month to 81.7. However, the number was still below 100, indicating that people were still concerned with Thailand’s and world economic situations.

He further disclosed that consumer happiness index was as high as 92, while expressing confidence that the number would increase to 99.3 in the next 3 months.