Local manufacturers are concerned about oil price fluctuations and global economic uncertainty, according to the first Thai Industries Sentiment Index released by the Federation of Thai Industries (FTI).
The study, conducted by Thai Chamber of Commerce University, seeks to measure the confidence of executives in 29 industries in a bid to establish an economic early-warning system.
The study was based on a random sampling of 405 manufacturers in 29 industries. The petrochemical industry will be added to the index next month.
FTI chairman Phaphad Phodhivorakhun said the index of 115.4 for October showed manufacturers were confident in the economy. An index below 100 indicates less confidence.
The index on advance orders was 132.4 and the sales volume index looking forward three months was 148. The figures reflected entrepreneurs' view that local consumption and exports were increasing.
Source: Bangkok Post
