BANGKOK, 18th June 2018 (NNT) – Thailand’s industrial confidence index (ICI) continues to improve, due to on-going economic expansion driven mainly by the country’s manufacturing and export sectors.
Chairman of the Federation of Thai Industries, Supant Mongkolsutee announced today that the ICI increased to 90.2 in May, up from 89.1 in April, due to the prevailing sentiment that the country’s continuous economic growth and economic recovery among major trading partners will benefit the manufacturing and export sectors. Larger corporations have indicated plans to invest in machinery to increase productivity and enhance product development.
However, business also expressed concerns over rising oil prices, exchange rate risks, and trade barriers emerging between the United States and China. The three-month ICI fell slightly to 101.6., but Supant noted that a figure above 100 still reflects healthy industrial confidence.
Source: National News Bureau of Thailand (NNT) National News Bureau & Public Relations : http://thainews.prd.go.th
Reporter : Benjamin Rujopakarn / Rewriter : Rodney McNeil