Thai consumer confidence index falls in July for the first time in 14 months

The delay in government formation, the rising cost of living and conditions of recession in the global economy have resulted in Thailand’s Consumer Confidence Index (CCI) in July dropping for the first time in 14 months.

The CCI in July fell to 55.6, from 56.7 in June, and marked the first decline since April 2021, the University of the Thai Chamber of Commerce (UTCC)’s Centre for Economic and Business Forecasting said, reporting its survey results on Friday.

The dip in CCI has been caused by consumer concerns over uncertainty in the formation of the new government nearly three months since the general election, said UTCC president Thanawat Phonwichai.

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The Nation Reporter