Consumer confidence down to 7-year low

By The Nation

Thai consumers' confidence fell to a 7-year low in May, due to the domestic political turbulence and economic uncertainties, according to a survey by the University of Thai Chamber of Commerce.

The Consumer Confidence Index (CCI) fell to 71.5 from 72.1 in April.

To Thanavath Phonvichai of the university, the index was the lowest in 90 months, as Thailand suffered from the global economic downturn as well as a volatile political climate which led to growing joblessness and higher living costs.

Consumer confidence down to 7-year low

Thai consumers' confidence fell to a 7-year low in May, due to the domestic political turbulence and economic uncertainties, according to a survey by the University of Thai Chamber of Commerce.

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