Thailand's Consumer Confidence Improves For 1st Time In 7 Months
Mohammad Ali (@ChaudhryMAli88) Published October 08, 2021 | 10:34 PM
Thailand's consumer confidence index rose to 41.4 in September, moving up for the first time in seven months, as easing COVID-19 restrictions led to improving consumption and tourism activities, a survey showed Thursday
BANGKOK, (APP - UrduPoint / Pakistan Point News - 8th Oct, 2021 ) :Thailand's consumer confidence index rose to 41.4 in September, moving up for the first time in seven months, as easing COVID-19 restrictions led to improving consumption and tourism activities, a survey showed Thursday.
The reading climbed from 39.6 recorded in August, according to Thanawat Polwichai, director of the Economic and business Forecasting Center at the University of the Thai Chamber of Commerce (UTCC).
Thanawat attributed the increase to the easing of restriction measures at the beginning of last month as the government tried to support the struggling economy.
The improvement in the country's COVID-19 situation, the government's stimulus measures and the implementation of tourism reopening pilot schemes on the islands of Phuket and Samui also helped bolster consumer confidence, he said.
He added that the index would have been much stronger if having not been weighed by concerns over floods and rapid increase in oil prices.
Thanawat said that if the country's COVID-19 situation continues to improve while vaccination rate keeps rising, consumers' confidence would continue to pick up in the coming months.
The UTCC expected the country's economy to expand by 1 to 1.5 percent this year if there is no further wave of COVID-19 infection surge.
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From World
-
Paris dream of swimming in the Seine finally within reach
12 minutes ago -
Portugal's Carnation Revolution, 50 years on
12 minutes ago -
Tough times for Argentine factories as consumers penny-pinch
22 minutes ago -
Use of alcohol and e-cigarettes among youth 'alarming': WHO
22 minutes ago -
Football: Italian Cup result
32 minutes ago -
Bird flu in humans? Experts see little risk
32 minutes ago
-
Car giants vie for EV crown at Beijing's Auto China show
42 minutes ago -
Meta profits soar but costs of AI cause worry
42 minutes ago -
Tennis: ATP/WTA Madrid Open results - collated
1 hour ago -
Football: French Ligue 1 results - collated
1 hour ago -
Meta sees profits soar in first quarter
1 hour ago -
Battling mass tourism, Venice introduces day tickets
1 hour ago