Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
August consumer confidence rose to 56.9 from 55.6 to be its highest since February 2020, before the pandemic. The confidence in the economy rose to 51.6 from 50.3 and is signalling that spending should remain solid going forward. Private consumption grew 6.8% y/y in July. The formation of a new government and thus an end to the political impasse seen since the May election boosted sentiment generally. The policy agenda was released this week including the THB 10k digital wallet, minimum wage rise, debt solutions for small business, reducing energy costs, and waiving visas for tourists from China.
Thailand consumer confidence economic vs consumption y/y%
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.