ID :
138405
Thu, 08/19/2010 - 18:49
Auther :
Shortlink :
http://m.oananews.org//node/138405
The shortlink copeid
Thai Industries Sentiment Index climbs to five-month high in July
BANGKOK, Aug 19 -- The Thai Industries Sentiment Index (TISI) climbed to a five-month high in July, reflecting local manufacturers' growing confidence in the favourable economic conditions, according to the Federation of Thai Industries (FTI).
FTI chairman Payungsak Chartsuthipol said the index, calculated based upon the industrial sector's survey in July that the TISI rose to 108.6, its highest level since February, compared to 103.3 in June this year.
That the TISI exceeds 100 reflects entrepreneurs' growing confidence in terms of purchase orders, total sales, production volume, and performance results as a result of the improved political situation, investments according to the government's economic stimulus package 'Strong Thailand' scheme, expansion of production sector and exports. In June alone, Thai exports grew 46.3 per cent.
However, Mr Payungsak said entrepreneurs are still concerned about sales orders and the volume of overseas sales as the global economy needs time to recover and is still at risk.
He said the future TISI for the next three months as projected in June edged up slightly to 117.6 in July from 105.7 in June since entrepreneurs believed the purchase orders, total sales, production, and operating performances would improve due to the fact that Asia's economy has been steadily growing.
He added that worries grow over oil prices, political situations, world economy especially concerns over public debts of Eurozone countries, currency exchange and interest rates respectively.
Most operators want the government to build confidence among local and foreign investors, stimulate the Thai economy by lowering taxes and interest rates and supporting funding resources, as well as provide clarity on the Map Ta Phut impasse related to the suspension of industrial projects, and promote and support entrepreneurs in marketing and penetrating new markets, and to maintain the stability of currency exchange, the FTI president said. (MCOT online news)
FTI chairman Payungsak Chartsuthipol said the index, calculated based upon the industrial sector's survey in July that the TISI rose to 108.6, its highest level since February, compared to 103.3 in June this year.
That the TISI exceeds 100 reflects entrepreneurs' growing confidence in terms of purchase orders, total sales, production volume, and performance results as a result of the improved political situation, investments according to the government's economic stimulus package 'Strong Thailand' scheme, expansion of production sector and exports. In June alone, Thai exports grew 46.3 per cent.
However, Mr Payungsak said entrepreneurs are still concerned about sales orders and the volume of overseas sales as the global economy needs time to recover and is still at risk.
He said the future TISI for the next three months as projected in June edged up slightly to 117.6 in July from 105.7 in June since entrepreneurs believed the purchase orders, total sales, production, and operating performances would improve due to the fact that Asia's economy has been steadily growing.
He added that worries grow over oil prices, political situations, world economy especially concerns over public debts of Eurozone countries, currency exchange and interest rates respectively.
Most operators want the government to build confidence among local and foreign investors, stimulate the Thai economy by lowering taxes and interest rates and supporting funding resources, as well as provide clarity on the Map Ta Phut impasse related to the suspension of industrial projects, and promote and support entrepreneurs in marketing and penetrating new markets, and to maintain the stability of currency exchange, the FTI president said. (MCOT online news)
