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Thailand’s Nov. industrial confidence index hits 8-month high

The Federation of Thai Industries (FTI) has reported that the industrial confidence index (ICI) of Thailand has hit a new high, thanks mainly to the government's stimulus measures.
Thailand’s Nov. industrial confidence index hits 8-month high ảnh 1Scene at the event (Source: NNT)

Bangkok (NNT/VNA) - TheFederation of Thai Industries (FTI) has reported that the industrial confidenceindex (ICI) of Thailand has hit a new high, thanks mainly to the government'sstimulus measures.

FTI Chairman Chen Namchaisiri disclosed onDecember 21 that the November ICI hit an eight-month high, climbing to 87 from85.9 the previous month. The outcome was attributed to the issuance of statewelfare cards, the Shop for Nation tax measure, and sales promotions byretailers.

However, the ICI for the last three months fallento 102 from 103.3 as the private sector concerns about a price slump inagricultural commodities, a hike in gas prices, volatile currency exchangerates, and trade policies of Thailand's commercial partners. The FTI Chairman saidthat industrial confidence remains positive, as the index is still above the100-point mark.

Vehicle production in November rose for a thirdstraight month to 193,000 units, an 11.48 percent rise year-on-year and a new20-month high. Production over the past 11 months of the year totaled 1.83million vehicles. Next year’s production is estimated at 1.97 million vehicles.-VNA
VNA
#Federation of Thai Industries#industrial confidence index#Chen Namchaisiri#Thailand industrial confidence index#Vietnam News Agency#vietnamplus
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