The Thai economy is starting to pick up and consumer confidence isimproving thanks to clear political directions since the politicalsituation in Thailand has returned to normal.
According tothe Bank of Thailand, the national economy dropped to a low point in thesecond quarter and is now gradually recovering.
Apart fromclear political directions, economic stimulation measures have boosteddomestic spending. As a result, the Thai economy in the second half of2014 is likely to grow, and this should improve the confidence of thegeneral public and investors.
Meanwhile, Head of the NationalCouncil for Peace and Order General Prayuth Chan-ocha stated that theoverall consumer confidence level continues to improve. The industryconfidence index in June 2014 rose to 88.4 from 85.1 in May, as theoverall business operation became more convenient and flexible. Purchaseorders in many industries, including garments, sportswear, and sportsshoes, have increased.
He said that investment has shown a clearsign of improvement. The number of projects applied for investmentpromotion has increased steadily with a total of 634 projects worth337.4 billion THB in the first half of 2014. In June, the number ofprojects reached its highest point in six months, which signalsincreasing confidence among investors. It is expected that theinvestment value for the whole year will achieve the set target of 700billion THB.
The export value in June 2014 hit 19.8 billion USD,a year-on-year increase of 3.9 percent after a steady decline duringthe previous three months. The increase was seen in several sectors,such as manufacturing, agriculture, and agro-industry.
The Fiscal Policy Office estimated that the export value for the whole year will increase by 1.5 percent.-VNA
According tothe Bank of Thailand, the national economy dropped to a low point in thesecond quarter and is now gradually recovering.
Apart fromclear political directions, economic stimulation measures have boosteddomestic spending. As a result, the Thai economy in the second half of2014 is likely to grow, and this should improve the confidence of thegeneral public and investors.
Meanwhile, Head of the NationalCouncil for Peace and Order General Prayuth Chan-ocha stated that theoverall consumer confidence level continues to improve. The industryconfidence index in June 2014 rose to 88.4 from 85.1 in May, as theoverall business operation became more convenient and flexible. Purchaseorders in many industries, including garments, sportswear, and sportsshoes, have increased.
He said that investment has shown a clearsign of improvement. The number of projects applied for investmentpromotion has increased steadily with a total of 634 projects worth337.4 billion THB in the first half of 2014. In June, the number ofprojects reached its highest point in six months, which signalsincreasing confidence among investors. It is expected that theinvestment value for the whole year will achieve the set target of 700billion THB.
The export value in June 2014 hit 19.8 billion USD,a year-on-year increase of 3.9 percent after a steady decline duringthe previous three months. The increase was seen in several sectors,such as manufacturing, agriculture, and agro-industry.
The Fiscal Policy Office estimated that the export value for the whole year will increase by 1.5 percent.-VNA
