Thailand’s industrial confidence index rises

Posted on 03 Jul 2018 and read 515 times
Thailand’s industrial confidence index risesThailand’s industrial confidence index (ICI) continues to improve, following on-going economic expansion driven mainly by the country’s manufacturing and export sectors.

Supant Mongkolsutee, chairman of the Federation of Thai Industries (www.fti.or.th), confirmed on 18 June that the ICI increased to 90.2 in May, up from 89.1 in April, based on confidence that the country’s continuous economic growth and economic recovery among major trading partners will benefit the manufacturing and export sectors.

He said that larger corporations have indicated plans to invest in machinery to increase productivity and enhance product development.

However, businesses have also expressed concerns over rising oil prices, exchange-rate risks, and trade barriers emerging between the USA and China.

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