Thailand's industrial confidence picks up in June

By Xinhua News Agency

Jul 26, 2023 12:12 am

The Thailand Industry Sentiment Index (TISI) rose to 94.1 last month from 92.5 in May, as all components of the index improved, including purchase orders, sales, production volume, operation costs and turnover, according to the Federation of Thai Industries (FTI).

Despite the improvements seen in June, entrepreneurs expressed concerns about high household debt, which affects domestic purchasing power, as well as sluggish exports due to weak global demand, and geopolitical conflicts impacting energy and commodity prices, the FTI said in a statement.

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