Consumer confidence down in April amid export concerns | Bangkok Post: business

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Consumer confidence down in April amid export concerns

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Consumer confidence dipped for the first time in seven months in April on concerns that the strong baht may derail export growth. 

Thanavath Phonvichai, vice-president for research and a director of the University of the Thai Chamber of Commerce, warned Thailand's gross domestic product could slip below 5% if the government fails to come up with immediate measures to stimulate domestic purchasing power and rein in the foreign exchange.

The consumer confidence index dropped to 83.7 points last month from 84.8 in March, 84 in February and 81.7 in January.

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