Thai consumer confidence dips

Thailand’s Consumer Confidence Index has dropped to the lowest level during the last five months, a report said Thursday. According to the Center for Economic and Business Forecasting, at the University of the Thai Chamber of Commerce, the nation’s CCI fell to 74.9 last month, the lowest level in five months. The UTCC center report said the fall was mainly due to a decline in the purchasing powers of the consumers, especially in the provinces. Consumers were largely concerned about the increased cost of living and rising prices of varied consumer goods. The center added that there was a sustained tight-money situation.