InfoQuest (April 11, 2022) - The University of the Thai Chamber of Commerce (UTCC) reported the consumer sentiment index fell to 42 in March from 43.3 in February, marking the third consecutive month of fall.
Overall economic sentiment index was 35.9, employment sentiment index 38.9, and future income sentiment index 51.1.
The key factors that prompted consumer sentiment to fall were people's worries about the Omicron situation and the spillover effects of the Russia-Ukraine conflict. The Monetary Policy Committee (MPC) cut its forecast for Thailand's economic growth this year to 3.2 percent from 3.4 percent previously. The Thai baht continues to be weak.
Source: InfoQuest, by Kasamarporn Kittisamphan/Rachada Kongkhunthian, translated by Xinhua Silk Road
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