November 14, 2008
Bangkok - The employment confidence index, future income confidence index and consumer confidence index all dropped, according to a poll.
The employment confidence index hit the lowest in 72 years, reaching 69.2 in October.
Remaining at 68.6, the consumer confidence index was the lowest in seven-year round. Spending during the New Year Festival was expected to become low this year.
The future income confidence index hit the lowest in eleven months when reaching 89.5.
Decreasing indexes were mainly driven by the political problem, soaring cost of living and the impact of global financial crisis.
Risk factors in 2009 include world’s delayed economy, political uncertainty, agricultural product prices which tend to fall more, and liquidity problem.
It was predicted consumption would slow down until the fourth quarter of this year.
Spending during this year’s New Year Festival would also decline until the second quarter of 2009.
