Consumer confidence hits record low
Consumer confidence dropped to a record low in June, dented by the country’s biggest coronavirus outbreak, a slow vaccine rollout and a sluggish economic recovery, a survey showed on Thursday.
The consumer index of the University of the Thai Chamber of Commerce fell to 43.1 in June from 44.7 in May.
With physical retail and hospitality venues operating under strict limitations, household spending patterns shifted predictably toward digital alternatives.
Economic trackers observed that the remaining discretionary income was largely diverted to accessible home entertainment.
Domestic streaming platforms, traffic to a casino online, and expanded grocery delivery subscriptions all recorded measurable upticks as residents adapted to the prolonged stay-at-home mandates.
Bangkok Post Reporter
