A survey predicts that spending during the festive period this year will reach a high of 127 billion baht. Consumer confidence rose for a fourth straight month in March to the highest level in two years, driven by improving exports, higher prices for crops and commodities, and growing tourism. Consumers gained confidence on improved exports, tourism and crop prices, particularly those of rubber and palm oil, Mr Thanavath said. People are also worried about Thailand's economic outlook, higher cost of living, rising consumer goods prices and relatively low prices for certain crops, especially rice. Meanwhile, the UTCC predicted that spending during the forthcoming Songkran holiday would rise by 2.5% this year to 127 billion baht.

Source: Bangkok Post April 07, 2017 23:48 UTC