Confidence up, but industry still worried | Bangkok Post: business

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Confidence up, but industry still worried

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Despite the rise in consumer confidence in October, which may generate more spending, many manufacturers complain they won't be able to cope with added labour costs once the minimum wage rises to 300 baht daily from Jan 1. 

Consumer confidence in the overall economy for October rose to 68.1 points, from 67.5 reported in September, on the back of positive factors, according to the University of the Thai Chamber of Commerce.

Confidence in job opportunities for the month rose to 69.8 from 68.9, and confidence in future income went up to 95.3 from 94.8, said Thanavath Phonvichai, director of the Economic and Business Forecasting Centre at the university.

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