Robust spending on Mother’s Day: Poll

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BANGKOK, Aug 9 (TNA) – A poll by the University of Thai Chamber of Commerce (UTCC) disclosed the spending during the Mother’s Day (Aug 12) would be robust, the highest growth in six years.

Thanawat Polvichai, director of the Economic and Business Forecasting Centre at the UTCC said that according to the poll on people’s attitude and behavior on the national Mother’s Day, it is projected that about 13 billion baht will be circulated during the Mother’s Day holiday, a 5.3 per cent growth, the highest in six years.

The spending budgets grow 77 per cent because the poll respondents viewed that it is the special occasion and they earn more income.

Mr Thanawat said it is a good sign that the economy will improve and people are ready to spend more money, which could drive the economic growth to over 4.5 per cent despite the trade conflict between China and the US.

Meanwhile, he said exports and tourism are expected to rebound in the fourth quarter of this year.

According to the poll, most popular gifts for mothers are cash and gold, worth averagely about 4,700 baht, followed by flowers and garlands of about 325 baht on average.

The most popular activity is going to make merit with mothers, followed by dining out and travelling upcountry. Some respondents plan to travel overseas. (TNA)