How was the effect of Thailand’s consumer confidence index on the private consumption index for Thailand’s non-durables goods?

Abstract

This paper studies the effect of Thailand’s consumer confidence index on the private consumption index of Thailand for non-durables goods as well as considering the control variables from Keynesian theory of consumption (1936) for the objective factors that are quantifiable as known as economic indicators and use time-series data that is obtained from secondary data research over the past 10 years since January, 2011 until December, 2020 and then applies the ordinary least squared regression to examine. The result shows the positives relationship between the overall consumer confidence index and the private consumption index for non-durables goods, moreover, the consumer price index, the government spending on economic activities and the credit card spending are positive relationship to the private consumption index for non-durables goods, unlike, the private investment index, the interest rate of saving and the cash withdrawal in both of credit card and debit card are negative relationship to the private consumption index for non-durables goods.