Consumer confidence index in March rises to highest in two years

Consumer Confidence index (CCI) in March rose for the fourth consecutive month to the highest in two years.

According to Dr Thanawat Phonvichai, director of the University of Thai Chamber of Commerce Economic and Business Forecasting Centre, consumer confidence index increased to 76.8 last month.

It was the fourth consecutive month and the highest in 24 months, he said.

He attributed the increase to was improving exports, tourism and increased prices of para rubber and oil palm.

He said further that as farm prices, particularly rice remains low, and the global economic recovery remains uncertain, he forecast this year’s economic growth at 3.6 per cent.

Exports are also likely to grow about 2-3 per cent while inflation rate is projected to stay around 1.6-2 per cent.

Source: Thai Public Broadcasting Service (Thai PBS)

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