Thailand’s Industrial confidence index rises to 90.2
Thailand’s industrial confidence index (ICI) continues to improve, thanks to on-going economic expansion driven mainly by the country’s manufacturing and export sectors.
Chairman of the Federation of Thai Industries Supant Mongkolsutee announces on June 18 that the ICI increases to 90.2 in May, up from 89.1 in April. (Photo: NNT)
Bangkok (NNT/VNA) - Thailand’s industrial confidenceindex (ICI) continues to improve, thanks to on-going economic expansion drivenmainly by the country’s manufacturing and export sectors.
Chairman of the Federation of Thai IndustriesSupant Mongkolsutee announced on June 18 that the ICI increased to 90.2 in May,up from 89.1 in April, due to the prevailing sentiment that the country’scontinuous economic growth and economic recovery among major trading partnerswill benefit the manufacturing and export sectors.
Larger corporations have indicated plans to invest in machinery to increaseproductivity and enhance product development.
However, businesses also expressed concerns over rising oilprices, exchange rate risks, and trade barriers emerging between the United Statesand China. The three-month ICI fell slightly to 101.6, but Supant noted that afigure above 100 still reflects healthy industrial confidence.-VNA
The Federation of Thai Industries (FTI) has reported that the industrial confidence index (ICI) of Thailand has hit a new high, thanks mainly to the government's stimulus measures.
The Industrial Confidence Index (ICI) of Thailand has declined despite continued export growth, as businesses, especially SMEs, expressed concern over the upcoming minimum wage hike in April.
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Chairman of the Federation of Thai Industries Supant Mongkolsutee announces on June 18 that the ICI increases to 90.2 in May, up from 89.1 in April. (Photo: NNT)
