Thai Sept consumer mood rises for second straight month-survey

[BANGKOK] Thailand's consumer confidence increased for a second straight month in September, boosted by brighter economic prospects as exports and tourism continue to expand, a private survey showed on Thursday.

The index of the University of the Thai Chamber of Commerce rose to 75.0 in September from 74.5 in August.

Consumers also felt government spending should increase later this year and that the political situation will become more stable in the future, the university said in a statement.

Consumers might be more confident in spending in the current quarter, but low commodity prices remained a concern, it said.

Last week, the Bank of Thailand raised its 2017 economic growth forecast to 3.8 per cent from 3.5 per cent, with exports rising 8 per cent.

In 2016, Southeast Asia's second-largest economy expanded 3.2 per cent, slower than regional peers.

The Overall Consumer Confidence Index reflects views on the economy, job opportunities and future income. The survey is usually done in the last week of the month.

REUTERS