Poll: B4.82bn splash on merit making
- Published: 23 May 2013 at 16.12
- Online news:
About 4.82 billion baht will be spent by people making merit on Visakha Bucha Day this Friday, according to a survey by the Economic and Business Forecasting Centre of the University of the Thai Chamber of Commerce (UTTC).
The predicted spend is up four per cent on last year, but less than the 10% increase in spending on other festivities so far this year, the centre reported on Thursday.
This shows that the economy is growing at a slower pace and people's purchasing power is declining, the report said.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.