BANGKOK, Sept 12 — Thailand’s industrial sentiment hit a one-year low in August over weak exports, slow economic recovery and its new government’s plans to kickstart the economy, said an industries group today.
Thailand’s new 11-party coalition government led by Prime Minister Srettha Thavisin delivered its policy plans to Parliament yesterday after the May election.
The Federation of Thai Industries (FTI) said its industrial sentiment index in August dropped to 91.3 from 92.3 in July.
Softer global demand has crimped Thailand’s exports while its economy has been slow to recover, with household debt staying high, the FTI said in a statement.
Another FTI index, which projects industrial sentiment over the next three months, was also lower in August as businesses worried the new government’s policies like wage hikes might affect production costs.
— Reuters
