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Thai Industries sentiment picks up as virus curbs ease
Thai Industries sentiment picks up as virus curbs ease
Local business confidence at record low
Thai manufacturers’ outlook picked up for the first time in three months in February after restrictions to contain a recent coronavirus outbreak were eased, the Federation of Thai Industries said on Thursday.
The FTI’s Thai industries sentiment index rose to 85.1 last month after hitting a six-month low of 83.5 in January, it said.
“The manufacturing increased on higher demand at home and abroad, supported by easing Covid-19 containment measures, FTI chairman Supant Mongkolsuthree told a news conference.
Sentiment was also lifted by government stimulus measures and increased export orders on higher global demand, he said.
Thailand’s exports, a key driver of its growth, are expected to rise 4% this year after declining 6%…
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