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Thailand's industrial confidence reaches 10-month high in January

0 Comment(s)Print E-mail Xinhua, February 19, 2025
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BANGKOK, Feb. 19 (Xinhua) -- Thailand's industrial confidence rose in January, reaching the highest level in 10 months, boosted by exports, government stimulus measures and tourism, data showed on Wednesday.

The Thai Industries Sentiment Index climbed to 91.6 last month from 90.1 in December 2024 as some components of the index picked up, according to the Federation of Thai Industries (FTI).

The reading was based on a survey of 1,347 entrepreneurs across 47 industry groups under the FTI.

The improved confidence was attributed to rising exports on the back of higher demand from trading partner countries, the government's cash handout and tax deduction programs, as well as a surge in tourist arrivals and spending during the holiday seasons, the FTI said in a statement.

The index forecast for the next three months increased to 96.2 in January from 95.5 a month earlier, driven by the central bank's debt relief program, along with growth in the electronics and electrical appliances exports and the vital tourism sector, the FTI said.

The group urged the government to prioritize investments in advanced technology within new target industries and expedite measures to stimulate consumption of domestically produced goods. Enditem

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