Consumers still optimistic about Thai economy | Bangkok Post: business

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Consumers still optimistic about Thai economy

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Consumer confidence rose for a fifth straight month in February, hitting a 19-month high, as consumers believe in the prospects for the economy, employment and job opportunities. 

Confidence was given a big boost after the National Economic and Social Development Board reported the Thai economy expanded sharply year-on-year in the fourth quarter of 2012, up from the widespread floods in late 2011, said Thanavath Phonvichai, vice-president for research and director of the University of the Thai Chamber of Commerce.

Gross domestic product grew by 18.9% in the three months to December from a year earlier after expanding a revised 3.1% the previous quarter.

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