The Magazine for Asian Investors
The Federation of Thai Industries (FTI) said its Industrial Confidence Index stood at 86.3 in June, up from 84.3 in May. This is the first increase in 3 months.
Positive factors were the easing of Covid-19 control measures, the downgrading of the Covid-19 warning level from level 3 to level 2, which resulted in various economic activities gradually returning to normal. Also, the opening of the country to tourists favor the recovery of domestic demand.
But there are still negative factors such as raw material and energy prices that have increased, and the unsolved problem of supply shortages increases production costs.
In addition, the global economy has slowed down, with many countries struggling with inflation problems. As a result, orders from trading partner countries declined, particularly from the United States and the European Union.