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Thailand’s consumer confidence hits first snag in 6 months

Political problems dragged down Thailand’s consumer confidence a bit in May for the first time in six months amid concerns about the economy and higher living costs, according to a poll by the University of the Thai Chamber of Commerce.

However, another poll conducted by the Commerce Ministry revealed the opposite result, with the highest level of consumer confidence in eight months, as politics had not yet affected consumers.

Thanavath Phonvichai, an economist at the university, said the index stood at 77.1 points last month, down from 77.6 in April, due to political strife both inside and outside of parliament.

(Source: Bangkok Post )