June sees consumer sentiment recovery, albeit to still-low levelConsumer sentiment picked up for a second straight month in June, boosted by businesses reopening after the lockdown lapsed and the government's relief and economic stimulus schemes. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose 49.2 in June from 48.2 in May and 47.2 in April. Despite improving sentiment, the index remains at historically low levels since October 1998. The World Bank last month warned that 8.3 million workers in Thailand could lose their jobs or income. "Concerns about the second wave of the outbreak and no sign of a global economic recovery are also key factors that affect consumer confidence," Mr Thanavath said.

Source: Bangkok Post July 02, 2020 22:07 UTC