Thai industrial confidence hits 3-month high in Oct. ’24

Thailand’s industrial confidence index rose to 89.1 in October 2024, marking a three-month high. The uptick was driven by easing flood conditions and government stimulus measures aimed at supporting vulnerable groups.

The Federation of Thai Industries (FTI) attributed the positive sentiment to factors such as a recent interest rate cut by the central bank, the tourism sector’s recovery, and rising export demand during the holiday season.

The FTI’s survey of 1,365 entrepreneurs from 46 industry groups indicated a positive outlook for the manufacturing sector.

Attribution: Xinhua

Subediting: Y.Yasser