Bangkok (NNT/VNA) - The Federation of Thai Capital Market Organisations (FETCO) has announced that the Investor Confidence Index (ICI) for January 2018 has increased as the Thai economy is starting recover.
FETCO Representative Santi Kiranand said the ICI for January next year increased from 162.63 to 165.77, thanks to positive signs in the export and tourism sectors.
Recreational, tourism, energy and infrastructure sectors are attractive to investors whereas print media, fashion and mining industries are among the least attractive.
Bank of Ayudhya Executive Vice President, Somprawin Manprasert, said the Thai economy is gradually recovering due higher domestic consumption and tourism growth.
He added the Thai economy is likely to grow by 3.8 percent this year and 3.7 percent in 2018.-VNA
Thailand’s 2017 GDP growth forecast at 3.6 percent
The Finance Ministry of Thailand has said the country’s economy will grow 3.6 percent this year as forecast earlier.
