XINHUA – Thailand’s business sentiment improved in September due to increased confidence in the manufacturing sector, while the non-manufacturing sector remained stable, data released by the central bank showed.
According to the Bank of Thailand (BOT), the Southeast Asian country’s business sentiment index (BSI) increased to 50.4 last month from 48.9 in August, mainly due to a rise in production, total order books, and performance sub-indices. The non-manufacturing index remained stable above the 50-threshold in most businesses, indicating an improvement as the recovery in economic activity continued. However, the retail trade sector index was recorded below the 50-threshold for two consecutive months due to high living costs, the BOT said in a statement.
The manufacturing index showed subtle improvement, as the figure jumped to slightly above the 50-threshold, led by the…
