Industrial confidence index rises to 90.2

 

 

BANGKOK, 19th June 2018 (NNT) - Thailand’s industrial confidence index (ICI) continues to improve, due to on-going economic expansion driven mainly by the country’s manufacturing and export sectors. 

Chairman of the Federation of Thai Industries, Supant Mongkolsutee announced today that the ICI increased to 90.2 in May, up from 89.1 in April, due to the prevailing sentiment that the country’s continuous economic growth and economic recovery among major trading partners will benefit the manufacturing and export sectors. Larger corporations have indicated plans to invest in machinery to increase productivity and enhance product development. 

However, business also expressed concerns over rising oil prices, exchange rate risks, and trade barriers emerging between the United States and China. The three-month ICI fell slightly to 101.6., but Supant noted that a figure above 100 still reflects healthy industrial confidence.

 

-- nnt 2018-06-19

So the ICI of 90.2 in May represents "unhealthy" industrial confidence, since it is below the magic 100 ?

11 hours ago, webfact said:

due to the prevailing sentiment

Versus (2018-06-06):

• "A majority of the public thinks the economy is heading in the wrong direction as consumer confidence slipped slightly last month due to anxieties over rising costs and political uncertainty"
• “Consumers feel that the economy is recovering slowly and not equally distributed,” the report said.
• “They also feel that their current income doesn’t match the increases in cost of living.”

http://www.khaosodenglish.com/news/business/2018/06/06/most-thais-think-economy-bad-getting-worse/

I guess not everyone can be a corporate shareholder.