Lower fuel prices ease cost pressures
A customer scans a QR code to pay for eggs at a stall participating in the government’s Thai Chuay Thai Plus co-payment scheme at the Bang Kapi market in Bangkok on Jan 1, the first day of the consumption stimulus programme. (Photo: Varuth Hirunyatheb)
Consumer confidence rebounded for the first time in four months in June, supported by falling oil prices and the implementation of the "Thai Chuay Thai Plus" (Thais Help Thais) co-payment scheme, according to the University of the Thai Chamber of Commerce (UTCC).The consumer confidence index (CCI) tallied 50.7 in June, according to a survey by the UTCC's Center for Economic and Business Forecasting.
Meanwhile, the Thai Chamber of Commerce confidence index (TCC-CI), based on a survey of 369 business operators nationwide, was 41.4, down 0.3 points from May and roughly three points below the level recorded before the Middle East conflict began, at 44.5 in February.
Thanavath Phonvichai, president of the UTCC, said the mismatch between the rising CCI and declining TCC-CI in June highlighted differing economic perceptions among consumers and business operators.
