Toshiba (Thailand) Co expects the white goods industry, except for air conditioners, to contract for a second consecutive year in 2023.
Alex Ma, the company’s deputy managing director, said in the first half the market for microwaves, washing machines and refrigerators dipped by 1%, 3% and 3%, respectively, because of weaker consumer purchasing power and relatively high household debt.
Only three categories experienced growth during the first six months of…
