snoop1130 Posted May 19, 2022 Share Posted May 19, 2022 The confidence index of Thailand’s industrial sector for April has dropped to 86.2, the lowest since last December, due to concerns over rising production costs, according to President of the Federation of Thai Industries (FTI) Kriengkrai Thiennukul. Kriengkrai explained that the combined purchase orders, sales and performance of the industrial sector have all dropped, whereas production costs, including raw materials, energy and transport costs have been increasing, all of which are compounded by rising inflation and household debt, making consumers more cautious about their spending. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe During the Songkran holidays last month, he said that production in the whole sector fell, coinciding with the escalation of the war in Ukraine, which has impacted the global economy and the prices of fertiliser, metals and raw materials for animal feed. Full Story: https://www.thaipbsworld.com/thai-industrial-sector-confidence-in-april-lowest-in-five-months/ -- © Copyright Thai PBS 2022-05-19 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted May 19, 2022 Share Posted May 19, 2022 Said this in the UK the pound would crash a baht, said in Thailand - not even a blip 2 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted May 19, 2022 Share Posted May 19, 2022 Of course, it doesn’t help when the Baht gains substantially on USD, and/or other western currencies. 2 1 Link to comment Share on other sites More sharing options...
hotchilli Posted May 20, 2022 Share Posted May 20, 2022 15 hours ago, snoop1130 said: Kriengkrai explained that the combined purchase orders, sales and performance of the industrial sector have all dropped, whereas production costs, including raw materials, energy and transport costs have been increasing, all of which are compounded by rising inflation and household debt, making consumers more cautious about their spending. Apart from all that the PM will no doubt be happy. 1 Link to comment Share on other sites More sharing options...
Cake Monster Posted May 20, 2022 Share Posted May 20, 2022 17 hours ago, snoop1130 said: Kriengkrai explained that the combined purchase orders, sales and performance of the industrial sector have all dropped, Performance of the Industrial Sector has dropped for a reason. This reason is due mainly to the fact that now things are hotting up in the Market Place, there seems very little will, or ability for the Sector to look at ways of making their Business's more efficient. The blame is always placed upon some other excuse ( EG Ukraine Invasion ). Look at ways to make your Business more cost efficient in changing suppliers, staff reductions and replace with software and machines Etc This is the real World, not the World of sitting back and waiting for orders to fall through the Letter Box, just because you believe you have the best product on the Planet. Those times are long gone Link to comment Share on other sites More sharing options...
Dials on my Dash Posted May 21, 2022 Share Posted May 21, 2022 Wonder why Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now