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Thailand's industrial confidence rises in October

0 Comment(s)Print E-mail Xinhua, November 13, 2024
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BANGKOK, Nov. 13 (Xinhua) -- Thailand's industrial confidence improved for the first time in three months in October, thanks to the easing flood situation and the government's stimulus package for vulnerable groups, data showed on Wednesday.

The Thai Industries Sentiment Index rose to 89.1 last month from 87.1 in September as all components of the index increased, according to the Federation of Thai Industries (FTI).

The reading was based on a survey of 1,365 entrepreneurs from 46 industry groups under the FTI.

The rise in confidence was attributed to a policy rate cut by the central bank, along with an ongoing expansion in the vital tourism industry and export sector, driven by a surge in demand during the year-end festive seasons, FTI Vice Chairman Nava Chantanasurakon said. Enditem

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