UTCC: April consumer mood at 40-month high

UTCC: April consumer mood at 40-month high

The consumer confidence index rose to 80.9 in March, its highest in 40 months. (Post Today photo)
The consumer confidence index rose to 80.9 in March, its highest in 40 months. (Post Today photo)

Thailand's consumer sentiment rose for a second straight month in April to its highest in 40 months, boosted by strong exports and tourism, but global trade tensions and low farm prices remained a concern, a survey showed on Wednesday.

The index of the University of the Thai Chamber of Commerce (UTCC) rose to 80.9 in April from 79.9 in March, the university said in a statement.

However, consumers still felt the economic recovery was slow and not broad-based and could hold back on spending, the UTCC said.

The daily minimum wage was increased nationwide in April.

Private consumption accounts for half of Southeast Asia's second-largest economy, but has been crimped by high household debt, which is about 78% of gross domestic product.

However, strong exports and tourism will continue to underpin economic growth this year. The Finance Ministry has forecast growth of 4.2%, after last year's 3.9%, the fastest pace in five years.


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