Consumer confidence reaches highest mark in 44 monthsPeople shop for goods at Wang Lang market near Siriraj Hospital in Bangkok on Sept 11. The University of the Thai Chamber of Commerce (UTCC) reported on Thursday the consumer confidence index rose to 60.2 in October, up from 58.7 in September, 56.9 in August and 55.6 in July. This scenario could hinder a recovery of the global economy, potentially leading to an economic downturn, he said. In a related development, the university also released the TCC Confidence Index, which gauges the sentiment of the business sector and chamber members in every province. The business sector views the government's stimulus policies as insufficient, leading to an unclear stimulus picture, he said.

Source: Bangkok Post November 10, 2023 04:20 UTC