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Thai September consumer mood improves for third straight month: survey

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Thai consumer confidence rose for a third straight month in September, a university survey showed on Thursday.

[BANGKOK] Thai consumer confidence rose for a third straight month in September, a university survey showed on Thursday.

Consumers hope that the government will focus on investment and stimulate the economy in the last quarter of the year, the University of the Thai Chamber of Commerce said.

The military, which seized power in May 2014 to end months of political unrest, has struggled to revive Southeast Asia's second-largest economy, with exports and domestic demand still sluggish.

The Bank of Thailand last month marginally raised its 2016 growth forecast to 3.2 per cent from 3.1 per cent, but kept its 2017 projection at 3.2 per cent, citing domestic and external risks.

REUTERS