Thailand’s consumer confidence rose in December compared to that in the previous month, indicating an improvement in domestic spending which accounts for the majority of overall economic activity.

According to the data released Thursday by the University of the Thai Chamber of Commerce, the country’s consumer confidence index, which is a leading indicator as it can predict the consumer spending, rose to 70.60 in December from 69.40 in November.

Read more: http://www.ibtimes.com/thailands-december-consumer-confidence-rises-1005388