PATIPAT JANTHONGThe Thai consumer confidence index (CCI) fell for the second straight month in June, weighed down by poor farm product prices and concerns about a slower-than-expected economic recovery, according to a survey by the University of the Thai Chamber of Commerce (UTCC). The UTCC survey showed that consumer confidence index declined to 74.9 points in June, down from 76.0 in May and 77 in April. President of the Thai Chamber of Commerce University Sauwanee Thairungroj said the drop in the index was largely due to concerns that the Thai economy remains fragile and yet to fully recover. She said people's feelings about a slower-than-expected recovery were a reflection of poor farm prices over the past few months such as rubber, tapioca, maize, palm oil and pineapples. That matches the prediction of Kalin Sarasin, the chairman of the Thai Chamber of Commerce (TCC), who also expects the Thai economy to recover well in the second half.

Source: Bangkok Post July 06, 2017 23:26 UTC