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Thai industrial sector confidence in April lowest in five months


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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.

 

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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/

 

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Of course, it doesn’t help when the Baht gains substantially on USD, and/or other western currencies.

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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.

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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

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