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Thai consumer confidence hits 10-month low

Thailand’s consumer confidence fell for a fourth straight month in April, hitting a 10-month low as concerns persisted about the high cost of living, weak farm prices and the slower-than-expected economic recovery.

The University of the Thai Chamber of Commerce (UTCC) on Thursday said the consumer confidence index fell to 76.6 points last month from 77.7 in March, 79.1 in February, 80.4 in January and 81.1 in December.

The April reading is the lowest since last June, when confidence began rising in hopes of an economic rebound after the May 22 coup ended months of political unrest.

(Source: Bangkok Post)