Thailand: Consumer Confidence Index Drops Again in May 2008
Today the University of the Thai Chamber of Commerce announced the Thai consumer confidence index for May 2008.
The consumer confidence index dropped to 78.8 from 79.9 in April 2008. This is the second consecutive drop of the index. Index values are between 0 and 200 with a result of 100 neutral, above 100 positive and a reading below 100 is negative.
Global record oil prices and the recent anti-government protests had a negative impact on consumer confidence after the index increased every month from 75.5 in October 2007 to 80.7 in March 2008
