PUBLISHED : 23 Nov 2023 at 18:38
Consumer spending during the Loy Krathong festival is projected to be the highest in eight years, driven by higher confidence in the country’s economic prospects.
The latest survey by the University of the Thai Chamber of Commerce (UTCC) revealed spending during the annual full moon celebration, which falls on Nov 27, is expected to increase by 3.3% from the previous year to 10 billion baht.
Thanavath Phonvichai, president of the UTCC, said this year’s spending is considered a milestone, reaching the 10- billion-baht mark for the first time in eight…
