October’s industrial confidence index highest in seven months

 

 

BANGKOK: -- Industrial confidence index for the month of October was registered at 86.5 points, making it the highest in seven months since March when the index was pegged at 86.7 points, said Mr Suparat Sirisuwannangkul, vice president of the Federation of Thai Industries, on Thursday.

 

He attributed to the rise of the index two months in a row to increase in the orders of Thai products for the forthcoming Christmas and New Year festivals abroad.

 

Industries which saw a rise in the confidence index are garments and apparels thanks to the demand for black clothing, leather wares such as shoes, jewelry, automobiles and spare parts, petro chemicals, plastic, paper pulp, cosmetics, medical equipment and health-related products.

 

Industrial confidence index which dropped covers such products as cement, cement, granite and marble, farm machinery, sugar and alternative energy among others.

 

Confidence index projection for three months ahead of October was registered at 102.9 points compared to September’s 102.4 points, representing the highest in 11 months.

 

Full story: http://englishnews.thaipbs.or.th/octobers-industrial-confidence-index-highest-in-seven-months/

 

-- © Copyright Thai PBS 2016-11-25

Ah yes the hub of confidence. I have a confidence check which bank can I cash it at??

8 hours ago, webfact said:

Industrial confidence index for the month of October was registered at 86.5 points

 

8 hours ago, webfact said:

thanks to the demand for black clothing

Obviously not a seasonal event - should have been factored out.

In any event index has yet to break the 100 point mark. So the several minor point adjustment this year are meaningless.

I am confident that someone will buy me a Farrari for Christmas, but I expect that I am going to be as disappointed as all the people voting in these "confidence indices".