Thai April consumer sentiment at 7-month low: survey

[BANGKOK] Thai consumer confidence fell for a fourth straight month in April, a university survey showed on Tuesday, due to concern over domestic and global economic growth prospects, drought and low commodity prices.

Consumers felt the Thai economy had recovered slowly and their income had not increased, the University of the Thai Chamber of Commerce said. The Finance Ministry last week cut its 2016 economic growth forecast to 3.3 per cent from 3.7 per cent.

Southeast Asia's second-largest economy has struggled to expand since the army seized power in May 2014 to end street protests.

The junta has launched stimulus measures to spur domestic spending and sought to accelerate infrastructure projects.

REUTERS