Research Centre

Bangkok Retail MarketView Q3 2016


29 Nov 2016

Retail Sales Gradually Recover With Slow Growth

The Thai retail industry is gradually recovering, but growth will be slow amid economic uncertainty. The retail sales index in July 2016, estimated by the Bank of Thailand (BOT), was at 207.27, increasing by 2.21% Y-o-Y. In Q3 2016, Thailand’s Consumer Confidence Index (CCI) started to recover, after hitting 72.5 in July 2016, its lowest level since the political turmoil of April 2014, rising to 73.2 and 74.2 in August and September 2016, respectively, showing positive sentiment going forward. Household debt still remained high at more than 80% of total GDP, dragging down the spending power of consumers.

As of Q3 2016, the total retail supply in Bangkok amounted to 7,199,691 sq.m., increasing by only 9,925 sq.m. (0.1% Q-o-Q, 3.9% Y-o-Y). However, the average new supply per quarter over the past two years has been approximately 100,000 sq. m., we expect developers to focus on the perform of shopping malls though renovation and repositioning and delay new development.

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q3_16_bangkok_retail_market_view.pdf
James Pitchon
Executive Director

Phone: +66 2 119 2901
Fax: +66 2 685 3307
CBREThailand
Executive Director
james.pitchon@cbre.co.th
Sales Staff
Jariya Thumtrongkitkul
Associate Director - Retail Services

Phone: +66 2 119 2792, +66 2 119 2795
Fax: +66 2 685 3307
CBREThailand
Associate Director - Retail Services
jariya.thumtrongkitkul@cbre.co.th
Sales Staff