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Wednesday, May 8, 2024

Sentiment forecast to remain flat in Q3

Shoppers browse at Future Park Rangsit. The Retail Sentiment Index for the next three months is expected to be flat because of the political situation. Apichit Jinakul

Retail sentiment in the third quarter is expected to remain bearish because of political challenges, according to the Thai Retailers Association (TRA).

Chatrchai Toungratanaphan, vice-president of the TRA, said the association expects retail sentiment, as gauged by the Retail Sentiment Index, from July to September to remain flat because of rising uncertainty about the formation of the government and the new administration’s economic policies, which may require significant adjustments from the business sector.

The association expects the index to stay in a range…

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