Thai August industrial sentiment back at pre-pandemic level

Thai August industrial sentiment back at pre-pandemic level

BANGKOK: Thailand’s industrial sentiment rose for a third straight month in August to the highest level in more than 2 yrs, boosted by enhanced economic activity plus a rebound in travel and leisure as COVID-19 curbs were eased, a business group said on Tuesday (Sep 13).

The particular Federation of Thai Industries (FTI) mentioned its industries sentiment index rose in order to 90. 5 last month from 89. 0 in This summer, reaching the highest level since January 2020.

The emotion index returned to its pre-pandemic level and the trend should continue following the recuperation of the tourism sector, FTI chairman Kriengkrai Thiennukul told a briefing.

“Economic activity is back to normalcy and domestic consumption is increasing, highlighting in steady demand for industrial items, ” he stated.

A reopening to foreign visitor arrivals and federal government support on household travel also bolstered sentiment, he said. The government is targeting 10 million international tourists this year, up from just 428, 000 visitors a year ago.

However , the particular industrial sector had been still concerned over a global slowdown, rising costs, a shortage of microchips and workers, alongside newly approved wage raises, he said.