Thai industrialists' confidence worst in 2 years

[webfact]

Thai industrialists' confidence worst in 2 years
By Digital Content



BANGKOK, Dec 19 – Thailand’s monthly Industrial Sentiment Index (TISI) plummeted to its lowest in 24 months at 90.3 mainly due to the months-long political turmoil, an industrialist said today.

Payungsak Chartsuthipol, Federation of Thai Industries (FTI) chairman, said the latest TISI in November declined 2.5 points from 92.8 in October.

The political conflicts have an impact on the overall economy and consumption given decreasing purchase and sales orders, he said, calling for cooperation among all factions to urgently the disputes.

He said operators of small and medium industries have suffered from financial liquidity which compels them to slow down their investment and business expansion.

He predicted the index in the next three months at 101.4, a decline from 102.4 in October, adding that industrial operators’ sentiment index in November was also lowered in domestic and international markets.

Political issue has become the highest concern among industrialists in addition to the problems of oil price, currency exchange and borrowing interest rate, said Mr Payungsak.

The FTI chairman urged the public sector to extend low interest loans to ease small and medium enterprises’ liquidity and elevate their production standard to meet global requirement as well as boost their competitive edge.

The government should seriously and successively solve the political disputes and corruption, he said. (MCOT online news)


-- TNA 2013-12-19

[kurtgruen]

hmmmm...uncertainty, of where from, or if the kickbacks will come, in the future?

[ggold]

Nothing to do with the 2.3 trillion baht infrastructure bill then?

[chainarong]

Thai industry is robust and in very good condition, that's the only high light that Thailand enjoys, with there cheap labour ,along with tourism, these two are the mainstay or back bone of Thailand , why the confidence drop???

[craigt3365]

Thai industry is robust and in very good condition, that's the only high light that Thailand enjoys, with there cheap labour ,along with tourism, these two are the mainstay or back bone of Thailand , why the confidence drop???

I think there's been a pretty big drop in tourists. Both domestic and international. I was talking with some Thai friends yesterday and they were saying the number of domestic tourists at local Pattaya attractions is way down...due to the protests.