Retail is flooded 4th quarter hard

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Retail is flooded 4th quarter hard

Retail is flooded! Covid slows down vital signs It is expected to continue to decline in the fourth quarter after operators both inside and outside the dark red areas lost their sales. Revealed for the first time that both shopping behavior and frequency deteriorated send a dangerous signal Expected to return to normalcy in the second half of ’66

A joint survey of the Retailer Sentiment Index (RSI) for the 7th time in 2021 by the Thai Retailers Association together with the Bank of Thailand found that Retailers dropped to 16.4.

From a central average of 50, the deepest drop in 16 months and below April 2020 at 24.3, reflecting a high rate of anxiety. Not only that, but also affecting the retail outlook for the upcoming 4th quarter.

Chatchai Tuangrattanaphan, vice president of the Thai Retailers Association, told “Economics Base” that the July Retail Sentiment Index survey was very worrying. Due to the spread of COVID-19 The delta strain was more severe than the first wave a year ago.

In addition, the lockdown measures and curfews in August, which are currently being expanded to 29 provinces, are the most restrictive. It is expected that the retail sector will take longer to recover to normal levels, in the middle of 2023.