According to the University of the Thai Chamber of Commerce (UTCC) survey of 2,243 respondents across the country, the CCI edged up to 55.7 in May from 55.0 a month earlier, marking the 12th consecutive month of growth.
The May figure was on a rising trend but saw minor growth as consumers were concerned over the sluggish economy, high energy prices, and political stability following a general election, said UTCC president Thanavath Phonvichai.
Consumers will be more careful with spending as they feel insecure about the future, clouded by political uncertainties, Thanavath told a news conference.
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