BANGKOK, 21 August 2014 – Thailand’s Industrial Confidence Index (ICI) reached its highest point last month, thanks to the political clarity that has surfaced since May.
According to Federation of Thai Industries (FTI) chairman Mr. Suphat Mongkolsuthee, the nation’s ICI peaked at 89.7 points in July, an increase of 1.47 percent compared to June’s rate at 88.4 points. The index has risen for the third consecutive month and has reached its highest in the past eight months for this year.
SMEs are also showing signs of improvement, thanks to the higher number of sales and purchases made by customers. In addition, the new government would also be able to issue budget disbursements for Thailand’s long-awaited mega infrastructure projects.
The index is expected to top at least 103.1 points within the next three months of this year, which is higher than the FTI’s earlier projection of 101.9 points.
