Industrial sentiment hit an all-time high in August thanks to rising orders from both domestic and foreign buyers and the stock market rally.
The Federation of Thai Industries (FTI), which surveyed 439 manufacturers in 30 industries, said the Industries Sentiment Index had risen to 117.5 points from 102.5 in July due to increases in all five manufacturing sub-indices - overall orders, sales, production volume, cost and net profit.
"Manufacturers in almost all industries are confident that the domestic economy will continue to expand as the world economy begins to pick up. They cited a significant rise in orders from both domestic and international customers," said FTI vice chairman Santi Vilassakdanont.
Their confidence was also lifted by the recovery of the capital market and the upward adjustments of key economic figures by government agencies, he said.
