August 23, 2008
Bangkok - The Thai Industries Sentiment Index (TISI) remained at76.9 in July as oil prices decreased and baht currency was weakened, according to the Federation of Thai Industries.
The TISI remained at 73.6 in June. 1,048 respondents in 39 industrial groups were surveyed.
Dropping oil prices resulted in falling operational cost. Orders and sales have continually hiked.
The competitiveness also rose since the baht currency has been weakened for four consecutive months.
The index was expected to go up to 82.9 in the next three months.
Promising industries included the alternative energy, garbage management, petroleum refinery and gas industry.
The confidence of businesses in most regions except in the east improved. Businesses focusing on both domestic and overseas markets had better confidence.
July was the first month which the investment atmosphere for Thai businesses was positive and relaxing.
