Consumer confidence up strongly in December, UTCC reports

Despite oft-stated worries by the University of the Thai Chamber of Commerce that the improved minimum wage will eventually undermine consumer confidence, there was no sign of that happening in December.

The UTCC Thursday admitted that the Consumer Confidence Index

last month posted the highest growth in 15 months, to 80.2 points from

79.1 points in November. All sub-indices related to confidence also increased

at a rate 1-1.5 points higher than in previous months, except the index on

employment opportunity, which was up only 0.5 point, from 71.2 in

November to 71.7 in December.

The Nation