In a recent announcement, the Organization of the Petroleum Exporting Countries (OPEC) revealed its projection that global oil demand will surge to 110 million barrels per day (bpd) within the next two decades. This significant increase in demand is expected to drive global energy demand up by 23%. During the Energy Asia Forum held in …
OPEC Expresses Confidence in Oil Demand Reaching 110 Million bpd by 2045 Read More »
Thailand experienced a significant surge in consumer confidence during the month of May, as reflected in the Consumer Confidence Index, which rose to 56.6. This marks a substantial increase compared to the previous month, indicating a growing optimism among Thai consumers. Both the current consumer confidence index and the future consumer confidence index, which looks …
The latest report from the Conference Board, an esteemed economic research institute, reveals a decrease in consumer confidence for the month of May. The consumer sentiment index dropped to 102.3, down from April’s reading of 103.7. Despite the decline, the US Consumer Confidence Index surpassed analysts’ expectations, which had anticipated a reading of 99.0. While …
Consumer Confidence Declines in May, According to the Conference Board Read More »
Helsinki, Finland – In a recent report by the Finnish National Statistical Office, it has been revealed that the country’s consumer confidence index experienced a decline in the month of May, putting an end to four months of consecutive rebound. The index fell from -7.9 in April to -8.8 in May, indicating a shift in …
The Singapore government is expressing confidence in the recovery of the tourism sector, which is expected to play a vital role in driving the country’s economy and preventing a recession this year, despite the sluggish global economic outlook. Officials have maintained their gross domestic product (GDP) growth forecast at 0.5-2.5 percent, stating that the economy …
Singapore Confident in Tourism Sector’s Recovery to Propel Economy, Averting Recession Read More »
According to the market research institute GfK, German consumer climate is set to experience an increase in June, driven by a shift in savings patterns and improved expectations of higher wages. This development eases concerns among households regarding their spending power in the face of inflation. The latest report reveals that the Consumer Climate Index …
German Consumer Climate Shows Positive Trend, Expected to Rise in June Read More »
Ifo, a prominent German economic research institute, has revealed that business climate in Germany experienced a larger-than-expected decline in May. The significant factor contributing to this decrease is the markedly reduced forecast for future economic conditions. This latest development serves as another indication of the challenging economic hurdles currently facing Germany, which boasts the largest …
German Business Climate Drops More Than Expected in May, According to Ifo Read More »
Market research firm GfK has revealed that consumer confidence in the United Kingdom (UK) has increased for the fourth consecutive month, reaching its highest level in 15 months. This surge in confidence is attributed to households’ optimism regarding the economy and personal finances, even in the face of persistently high inflation. According to GfK’s Consumer …
UK Consumer Confidence Rises in May Despite Lingering High Inflation, Survey Finds Read More »
The National Association of Home Builders (NAHB) has reported that the Home Builder Confidence Index in the United States climbed by five points to reach 50 in May, marking the fifth consecutive month of steady gains. This latest increase is particularly significant as it signifies the first time since July 2022 that the confidence index …
US Home Builder Confidence Index Reaches 5-Month High Read More »
According to the Bank of Thailand (BOT), the confidence index of accommodation operators in April revealed a decrease in the average stay rate to 57%, down from 66% in March. This decline was observed in almost every region of the country, which was attributed to the low season of foreign tourists and the problem of …