Confidence, stocks, baht plummet | Bangkok Post: business

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Confidence, stocks, baht plummet

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The consumer confidence index (CCI) dropped again in April for the 13th consecutive month to its lowest level in 150 months, according to the University of the Thai Chamber of Commerce (UTTC). 

The CCI index fell to 67.8 points in April, from 68.8 in March and 69.9 in February. It is the lowest since November 2001.

Thanavath Phonvichai, vice-president of UTCC’s research centre, said on Thursday that the continued slide in consumer confidence was the result of political concerns and the slowdown in the Thai economy, as well as the uncertainty about a global economic recovery.

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