Consumer confidence index rise for the third straight month in December, the University of the Thai Chamber of Commerce (UTCC) said today.
It said the confidence index in December was 76.1 points, the third straight month increase and the highest in the past seven months.
UTCC said positive factors contributing to the confidence increase are the government’s economic stimulus packages, mainly the “Shop Chuay Chart” shopping campaign, the central bank’s GDP growth adjustment from 2.7% to 2.8% due to third quarter economic growth which was over the target, and falling domestic oil prices.
But it also warned of negative factors that could impede the growth which include the GDP growth forecast this year at 3.5%, a slight decrease from earlier projection, Chinese economic slowdown, Thai export contraction of 7.4% in November, low farm prices, weakened Baht currency, and International politics.