Modern trade sentiment remained downbeat in the fourth quarter last year, falling to a two-year low as operators were concerned about the crisis and the relatively weak purchasing power among local consumers.
Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said the modern trade sentiment index stood at 47.3 points out of 100 in the final quarter of 2020, slightly lower than 47.4 points in the third quarter.
Modern trade is estimated to represent about 66.3% of the country’s wholesale and retail market.
“Businesses operators fretted over a second outbreak in Thailand, which resulted in the cancellation of New Year festivities and hotel…
