7% growth likely next year | Bangkok Post: business

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7% growth likely next year

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The retail industry is expected to grow by 6-7% next year on the back of rising farm product prices and higher wages, which will boost people's purchasing power, said executives at a seminar. 

The biggest winner will likely be the convenience-store segment, which is projected to expand by at least 15%.

The formation of the Asean Economic Community (AEC) in 2016 will be a major factor driving the sharp growth of the retail sector, said Santichai Santawanpas, deputy director-general of the Internal Trade Department.

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