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.