ID :
196045
Wed, 07/20/2011 - 12:13
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Shortlink :
http://m.oananews.org//node/196045
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Thai Industry Confidence Index drops in June
BANGKOK, July 20 (TNA) - Thailand’s Industry Confidence Index dropped in June due to flooding and political concerns, while the local automotive industry cited an early recovery that will enable it to meet its yearly target.
Payungsak Chartsutipol, chair of the Federation of Thai Industries (FTI), reported on Wednesday that the Thai Industry Confidence Index dropped from 108.3 points in May to 107.4 points in June this year. The decrease comes amid a decline in orders, sales, production and performances due to flooding in the North, and concerns about local political situations and the world economy.
Operators said they wanted the Thai government to work out measures to cushion the planned minimum wage rise, prevent the harsh appreciation of the Thai baht, actively promote national reconciliation, reduce the corporate income tax, immediately solve labor shortage, support upstream steel production and promote megaprojects.
Meanwhile, Surapong Paisitpattanapong, spokesman of Thailand’s Automotive Industry Club, said domestic vehicle production should meet its yearly target of 1.8 million units this year.
He noted that production in the first half of this year rose by 5.4 percent year-on-year. Domestic vehicle sales amounted to over 70,000 units in June, rising by 25.8 percent on top of May. However, vehicle exports recorded an on-year drop by 11.73 percent due to a shortage in automotive parts following Japan’s earthquake and tsunami in March. (TNA)
Payungsak Chartsutipol, chair of the Federation of Thai Industries (FTI), reported on Wednesday that the Thai Industry Confidence Index dropped from 108.3 points in May to 107.4 points in June this year. The decrease comes amid a decline in orders, sales, production and performances due to flooding in the North, and concerns about local political situations and the world economy.
Operators said they wanted the Thai government to work out measures to cushion the planned minimum wage rise, prevent the harsh appreciation of the Thai baht, actively promote national reconciliation, reduce the corporate income tax, immediately solve labor shortage, support upstream steel production and promote megaprojects.
Meanwhile, Surapong Paisitpattanapong, spokesman of Thailand’s Automotive Industry Club, said domestic vehicle production should meet its yearly target of 1.8 million units this year.
He noted that production in the first half of this year rose by 5.4 percent year-on-year. Domestic vehicle sales amounted to over 70,000 units in June, rising by 25.8 percent on top of May. However, vehicle exports recorded an on-year drop by 11.73 percent due to a shortage in automotive parts following Japan’s earthquake and tsunami in March. (TNA)
