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Thailand sees positive signs in economic recovery

Thailand’s Client Confidence Index and Industrial Sentiment Index in August posted a record high in many months, showing positive signs in the country’s economic recovery.
Thailand sees positive signs in economic recovery ảnh 1Take-away only service during lockdown in Bangkok. (Photo: Shutterstock)
Bangkok (VNA) - Thailand’s Client Confidence Index and IndustrialSentiment Index in August posted a record high in many months, showing positivesigns in the country’s economic recovery.

The College of the Thai Chamber of Commerce (UTCC) recentlyintroduced the August 2022 Client Confidence Index rating of 43.7, an 8-monthexcessive since February.

Thanavath Phonvichai, UTCC President and Chief Advisor tothe college’s Heart for Financial and Enterprise Forecasting (CEBF), statedshoppers begin to discover a slight financial restoration because the COVID-19scenario in Thailand begins to wind down, along with the comfort of measurespermitting companies to function as normal.

The decreasing oil costs and the comfort of guidelinesfor worldwide vacationers have contributed to improved shopper confidence, inaddition to the federal government’s financial measures together with theco-pay and state welfare campaigns.

The general shopper confidence additionally noticed a liftfrom the rising export sector and better farm product costs.

In another development, the Federation of Thai Industries(FTI) said its industrial sentiment index rose to 90.5 last month from 89.0 inJuly, reaching the highest level since January 2020.

The sentiment index returned to its pre-pandemic level and the trend shouldcontinue following the recovery of the tourism sector, FTI chairman KriengkraiThiennukul said./.
VNA
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