ID :
205940
Thu, 09/08/2011 - 10:51
Auther :
Shortlink :
http://m.oananews.org//node/205940
The shortlink copeid
Thailand's CCI edges down in August 2011
BANGKOK, September 8 (TNA) - Thailand's consumer confidence index (CCI) dropped for the first time in four months in August 2011, to 73.8 from 74.4 a month earlier, due mainly to impacts from the country's ongoing widespread floods, with huge damage to affected people's assets and farmlands, and rising costs of living.
Saowanee Thairungroj, Deputy Rector for Research of Bangkok-based University of the Thai Chamber of Commerce, said that public concerns over the effectiveness of the new Thai government's economic policies and vulnerable global economic recovery, as well as impacts from the ongoing debt crisis in Europe and the United States, the Bank of Thailand (BOT)'s tightened financial policy with its key interest hiked to 3.5 per cent currently and the National Economic and Social Development Board (NESDB)'s downward projection of Thailand's economic growth this year, from 3.5-4.5 per cent to 3.5-4 per cent, had also attributed to the country's CCI drop last month.
Saowanee acknowledged that there had remained some positive factors to cushion the Thai CCI, including the new government’s measures on reducing people's costs of living, through a recent cut in retail fuel prices on the domestic market and increased exports and prices of agricultural products. (TNA)
Saowanee Thairungroj, Deputy Rector for Research of Bangkok-based University of the Thai Chamber of Commerce, said that public concerns over the effectiveness of the new Thai government's economic policies and vulnerable global economic recovery, as well as impacts from the ongoing debt crisis in Europe and the United States, the Bank of Thailand (BOT)'s tightened financial policy with its key interest hiked to 3.5 per cent currently and the National Economic and Social Development Board (NESDB)'s downward projection of Thailand's economic growth this year, from 3.5-4.5 per cent to 3.5-4 per cent, had also attributed to the country's CCI drop last month.
Saowanee acknowledged that there had remained some positive factors to cushion the Thai CCI, including the new government’s measures on reducing people's costs of living, through a recent cut in retail fuel prices on the domestic market and increased exports and prices of agricultural products. (TNA)
