Thailand’s Consumer Confidence Index (CCI) rose for the first time in six months in June, supported by new signs of economic recovery from continued easing of Covid-19 controls and improved business activity. ..
On Thursday, July 7, the University of the Thai Chamber of Commerce (UTCC) reported that CCI rose from 40.2 to 41.6 in June. The April rate was 40.7, the March rate was 42, the February rate was 43.3, and the January rate was 44.8.
A purchasing power index of less than 100 indicates a slow economic recovery and weak purchasing power.
New signs of economic recovery
UTCC President Thanavath Phonvichai said there are new signs of economic recovery following the end of mandatory pre-travel registration for foreigners and the extension of bar and pub service hours earlier this month.
6-8 million tourists in the second half of 2022
Universities forecast growth of 5 to 7 percent this year, but the number of foreign tourists will increase from 6 million to 8 million in the second half of 2022, stimulating economic growth on average 3.1 percent, or in the range. It is expected to be 3.5 to 4.5 percent.
The UTCC also predicts that the value of THB 36-36.5 per USD will continue over the next 1-3 months before it remains at THB 35-36 / USD in the fourth quarter.
Information and sources
- Reporter: Tallinn Anskul
- Rewriter: Tallinn Anskul
- National News Bureau: http: //thainews.prd.go.th
https://www./economics/91370-thailands-consumer-confidence-index-cci-moved-upward-in-june?utm_source=rss&utm_medium=rss&utm_campaign=thailands-consumer-confidence-index-cci-moved-upward-in-june Thailand’s Consumer Confidence Index (CCI) rose in June