Consumer confidence in Thailand is expected to increase during November after a well-respected poll discovered the Index plunged to a 15-month low last month.
The recent poll conducted by the National Institute of Development Administration (NIDA Poll) has pointed to an increase in consumer confidence in the next couple of months.
The poll surveyed four investment groups listed on the Stock Exchange of Thailand, and indicated that consumer confidence index for November would reach 59.57 percent, an increase of 4.02 percent from August.
The investment groups cited the government’s economic policy as the reason for the positive outlook; however, security concerns in the month of August caused foreign investment confidence to decline last month.
According to the survey, individual investors were most optimistic about the economy, citing a consumer confidence index of 63.6 percent. Industries that received the most attention are communication technologies, whereas the steel industry is the industry least interested in.