BANGKOK, 19 December The Federation of Thai Industries (FTI) reported that Thailand’s industrial confidence index for November 2013 fell to 90.3 from the 92.8 reported in October; it is an all-time low during a 24-month period.
FTI Chairman Payungsak Chartsutipol yesterday reported that Thailand’s industrial confidence index dropped from 92.8 in October to 90.3 in November of this year due to the ongoing political turmoil plaguing the country.
Moreover, Mr. Payungsak pointed out that the decrease in the confidence index was attributed to the weakening purchasing power of business owners, which resulted in a decrease in sales in the industrial sector.
The FTI Chairman also suggested government lower its interest rates to promote more cash flows and loans for the SMEs, as well as urging more stringent measures in dealing with corruption and a solution to the current political conflict.
