Thai May consumer sentiment at 8-month low

BANGKOK, June 9 — Thai consumer confidence dropped for a fifth straight month in May, a university survey showed today, due to concerns over economic prospects at home and abroad, drought and low commodity prices.   

Consumers felt the economic recovery was slow, the University of the Thai Chamber of Commerce said.

The economy grew 0.9 per cent in January-March from a year earlier and 3.2 per cent from a year earlier.

The Bank of Thailand forecast economic growth of 3.1 per cent this year, up from 2.8 per cent last year.

Southeast Asia’s second-largest economy has struggled to expand since the army seized power in May 2014 to end street protests.

Pivotal exports and domestic demand have remained sluggish at a time household debt levels are high. — Reuters 

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