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Thailand’s consumer confidence up in Nov

The consumer confidence index of Thailand rose for the second month this year in November, to 74.6 from 73.4 in October, on expectations of economic recovery.

The University of the Thai Chamber of Commerce (UTCC) on Thursday announced the result of its survey of about 2,200 people nationwide. The chamber concluded that consumers were increasingly optimistic the economy would recover with the help of the government’s economic stimulus.

The UTCC said consumption should start to rise late in the fourth quarter of this year, the economy begin to noticeably recover in the first quarter of next year, and return to normal growth in the third quarter of next year.

(Source: Bangkok Post)