Industrial confidence hits two-year low

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Bangkok Post 10h ago

Industrial confidence hits two-year low - Bangkok Post

Quick Summary:

The Thai Industries Sentiment Index (TISI) fell to 87.2 points in June, hitting the lowest level in 24 months as the nation struggles to restore the economy amid a risk of higher operating costs for reeling small and medium-sized enterprises, says the Federation of Thai Industries (FTI).

"We would like the government to find ways to help exporters, especially SMEs, deal with high shipping costs, because export is a key channel of revenue for the country," he said.

Banks' fears of non-performing loans caused them to be more cautious in granting auto loans, which partly led to a drop in domestic car sales.