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Sunday, April 28, 2024

Thailand ‘dark red’ zones business lockdown and curfew hugely affect consumer confidence

Mr. Phusit said the increasing number of new infections, as well as the government placing 29 provinces in the COVID-19 ‘dark red’ zones, with measures including business lockdowns and a nighttime curfew, has affected consumer confidence in the economy. (Pattaya City’s bars and entertainment venues were ordered closed since April)

A survey by the Thai Commerce Ministry’s Trade Policy and Strategy Office (TPSO) shows that the overall Consumer Confidence Index (CCI) in July shrank to 36.7, from 42.7 in June, in response to the worsening COVID-19 situation.

TPSO Director-General PhusitRattanakul said the increasing number of new infections, as well as the government placing 29 provinces in the COVID-19 ‘dark red’ zones, with measures including business lockdowns and a nighttime curfew, has affected consumer confidence in the economy.

He said the southern region saw the…

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