Workers are producing protective masks at factory. (File photo)
Thailand’s industries sentiment index dropped to a five-month low in April, hit by higher production costs as Russia’s invasion of Ukraine pushed up the price of energy and raw materials, an industries group said on Wednesday.
The Federation of Thai Industries (FTI) said its industries sentiment index fell to 86.2 last month after a rise to 89.2 in March.
“The conflict between Russia and Ukraine has impacted global trade and growth, as well as the price of certain imported products,” FTI chairman Kriengkrai Thiennukul told a news conference.
Sentiment was also dented by declining domestic demand and household spending, he said.
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