Federation of Thai Industries Reports Decline in Industries Sentiment Index
Wednesday, 18 September 2024, 01:34
Impact of Floods and Household Debt on Federation of Thai Industries
The Federation of Thai Industries has revealed a concerning trend in the Industries Sentiment Index, which fell to 87.7 in August from 89.3 in July.
Key Reasons for the Decline
- Flood Damage: Ongoing floods are significantly disrupting various sectors.
- Rising Household Debts: The increase in household debts is hampering consumer spending.
- Export Challenges: The overall sentiment regarding exports and tourism faces detrimental impacts.
Future Outlook
Industries expect continued fluctuations in the market due to these adverse conditions. Immediate strategies are being sought to counteract these challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.