Economic Confident Index remains good overall

BANGKOK, 31 May 2016 (NNT) - The Thai Chamber of Commerce and the Board of Trade of Thailand has revealed that only business operators in the North, Central Plains and South of Thailand remain confident in the economy.

Vice Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand Somkiat Anurat said the Economic Confident lndex (ECI) for entrepreneurs polled in the North, Central Plains and South were found to be above 50 out of 100.

Mr. Somkiat attributed the higher indices to continuous tourism growth in these regions. The ECI was recorded lower than 50 in the East and Northeast, where business owners expressed concern that the global economy was not recovering.

Mr. Somkiat said the ECI for the country as a whole is above 86, which he took as indication that the majority of Thai business owners believe the economy will improve in the second half of the year.

The Thai Chamber of Commerce and Board of Trade of Thailand have revised the economic growth forecast from 3.5% to 3%, due to the global economic slowdown. Thai exports continue to contract, while domestic consumption has begun to decline.

-- NNT 2016-05-31

The confidence index will always be good. Problem is the level indicated on the index.

I am confident that economy will continue to decline and that prices of food etc will continue to rise.

Another embedded suggestion.

"which he took as indication that the majority of Thai business owners believe the economy will improve in the second half of the year."

No way you can read that from the number 86, even though it may be true. Wishful thinking is alive and well.

Thainess.

W

Ahhh.... another day and another good news story from the government.

Everything is good; everybody is happy!

Pass the sick bag Alice

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Another embedded suggestion.

"which he took as indication that the majority of Thai business owners believe the economy will improve in the second half of the year."

No way you can read that from the number 86, even though it may be true. Wishful thinking is alive and well.

Thainess.

W

It fun reading. Just this month year on year the export dropped again 7.6% and import dropped 13,4% , and the private investment down from last year from19% to 1,6%.( last years private investment was 19% but only 1,6% the first 3month)

But every thing is good

Edited May 31, 201610 yr by carstenp

This isn't the confidence index!!!! It's the hope it gets better index because we don't want to believe it can get worse. Silly article.

More bullshit to baffle brains....it's all their any good at !

Another embedded suggestion.

"which he took as indication that the majority of Thai business owners believe the economy will improve in the second half of the year."

No way you can read that from the number 86, even though it may be true. Wishful thinking is alive and well.

Thainess.

W

It fun reading. Just this month year on year the export dropped again 7.6% and import dropped 13,4% , and the private investment down from last year from19% to 1,6%.( last years private investment was 19% but only 1,6% the first 3month)

But every thing is good

And

- SME competitiveness index for the first quarter this year edged down to 48.4 from 50 during the same period last year

- Grassroots Economic Sentiment Index was most recently found to be 44.9, under the 50 point mark

- Rubber price assistance and production cost reduction efforts were not effective

BUT Prayut did sign 9 MOU's with Russia.