Consumer confidence increased in November

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BANGKOK,  – A recent poll conducted by the National Institute of Development Administration (NIDA Poll) has pointed to an increase in consumer confidence in the next couple of months.

The poll which surveyed four investment groups listed on the Stock Exchange of Thailand indicated that consumer confidence index for November would reach 59.57 percent, an increase of 4.02 percent from last month’s.

The investment groups cited the government’s economic policy as the reason for the positive outlook; however, security concerns in the month of August caused foreign investment confidence to plunge to a 15 month low of merely 40 percent .

According to the survey, individual investors were most optimistic about the economy, citing a consumer confidence index of 63.6 percent. Industries that received the most attention are communication technologies, whereas the steel industry is the industry least interested in.