Consumer confidence in August up for four straight months

The University of the Thai Chamber of Commerce’s Center for Economic and Business Forecasting has reported that the country’s consumer confidence index in August 2020 increased for four consecutive months, thanks to the government’s various economic stimulus measures.

The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in August from 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April.

Thanavath Phonvichai, president of the UTCC, said the fourth straight uptick shows most consumers feel the economy bottomed out in the second quarter.

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