Thai consumer confidence falls again as crisis continues
Friday, 7 February 2014
BANGKOK, Feb 6 (Reuters): Thailand's consumer confidence dropped for a 10th straight month in January, a survey showed on Thursday, as the prolonged political crisis is making Thais reluctant to spend, adding to the country's economic problems.
The consumer confidence index calculated by the University of the Thai Chamber of Commerce (UTCC) slid to 71.5 in January, the lowest level since November 2011, from 73.4 in December.
"People are very concerned about their future," UTCC economics professor Thanavath Phonvichai told a news conference. "The economy has not reached its bottom yet."