BANGKOK, Sept 17 (TNA) – Thailand’s industries sentiment
index dropped to 92.8 in August, the lowest since November last year due to
concerns over decreased spending, a stronger baht, and the prolonged US-China
trade war, the Federation of Thai Industries (FTI) reported on Tuesday.
FTI chairman Supant Mongkolsuthree revealed the result of
the latest survey in a press conference that the sentiment index of August 2019
was at 92.8, a 10-month low.
The business operators were concerned over decreasing
domestic purchasing power in all regions of the country as well as overall
purchase orders, Supant explained.
In the meantime, the stronger baht continued to affect
export growth and the country’s competitiveness, he added.
The FTI also reported that car production output in the
first eight months of this year was 1.4 million units, dropping 1.25 percent.
Supant said FTI forecast improved business sentiment in the
last quarter of 2019 with expectations of increased domestic spending out of
sales promotion campaigns and the results of the government’s economic stimulus
packages.(TNA)
