BANGKOK, Oct 22 – Manufacturers are concerned over Thailand’s flagging economy, weaken domestic consumption and rising competition. The Thai Industries Sentiment Index (TISI) in September retreated for the second consecutive month following weaken sales and order volumes, production output and business performance.
In addition, liquidity problem has affected the ability of the private sector from expanding investments while the global economic recovery is still at risk, Supant Monkolsuthee, chairman of the Federation of Thai Industries (FTI) told a news conference here Wednesday. He said the private sector wanted the government to resolve the trade difficulties with neighbouring countries to facilitate trade and expand investments.
The FTI index fell to 86.2 points in September from 88.7 in August. The FTI surveyed 1,134 manufacturers in 42 industrial groups across the country.