Consumer Confidence up for three consecutive months

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BANGKOK, 17 September 2014 — Thailand’s consumer confidence has risen for three months in a row, says the Ministry of Commerce.

According to Amparwon Pichalai, Director General of Trade Policy and Strategy Office, Thailand’s consumer confidence climbed again in August, reflecting rising confidence on the nation’s stability in political and economic conditions. The index has been on the upward trend since June.

The index in August rose to 44.0, slightly increasing from the 41.4 in July. The level was the highest in nearly a decade. Meanwhile, confidence towards future situation (three months ahead) rose to 47.8.

Although those indicators are still in the negative territory, lower than 50, the three-consecutive-month improvement has shown the uptrend in confidence in the situation in Thailand, after the National Council for Peace and Order took power late in May.