China town in Bangkok

Over 60 billion baht expected to be spent this Chinese New Year-Valentine’s Day

BANGKOK, 9th February 2018 (NNT) – The Economic and Business Forecasting Center of the University of the Thai Chamber of Commerce has revealed findings that spending over the Chinese New Year-Valentines period this year could reach over 60 billion baht.

Director of the Economic and Business Forecasting Center of the University of the Thai Chamber of Commerce, Thanawat Polwichai announced that spending this Chinese New Year is expected to more significant than last year with more than 56.86 billion baht likely be spent, 3.52 percent higher on-year. He noted 45.9 percent of respondents to a survey on the period said they plan to purchase more goods this year with an even larger portion saying they plan to spend more per item due to improved income and higher prices. Most spending is on offerings to spirits followed by merit making items, clothing and travel.

Full story: NNT

Reporter: Itiporn Lakarnchua
National News Bureau of Thailand

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