Thu, July 26, 2007 : Last updated 21:24 pm
{literal}
{/literal}
Home > Business > Industrial Confidence Index down on politics
){kind=link}
Industrial Confidence Index down on politics
June's industrial confidence index declined to 80.9 from 86.1 in the previous month, due to the strong baht as well as slowing domestic consumption, according to the Federation of Thai Industries.
"While manufacturing orders drop, the business operators suffer from higher operating costs. As they cannot raise product prices, the business will suffer from lower operating profits," said FTI vice chairman Adisak Rohitasun.
In June, what worried manufacturers the most were political instability, the strong baht, higher energy costs, purchasing power and raw material costs. While export-oriented companies were concerned largely on the strong baht, those domestic-oriented companies highlighted potilical instability as the most worrying factor.
The survey covered 505 samples from 35 industrial groups under the FTI.
- The Nation
OTHER BUSINESS
-
Midway price for IPO
Thai Yuan Metal could price its initial public offering (IPO) at Bt3 per share - midway in its indicative.... -
Muang Thai Life ready to invest
Muang Thai Life Assurance is prepared to earmark Bt500 million for foreign investment once the Insurance....
{literal}
Top Stories
- BOT fears dollar plan may lessen baht's role
- Thai Individuals allowed to hold dollar up to US$100,000
- Buoyant baht 'a bane'
- Foreign currency accounts allowed
- Airlines mull move of Thai base
- Reaching for the sky
- CP Foods to bank on UK pound
- B-Land cashing in on its property
- Bankers to meet on Thai Silp case Monday
- Govt to establish Bt5-bn SME fund
{literal}
{/literal}
Corporate links:
Privacy Policy (c) 2007 www.nationmultimedia.com Thailand
44 Moo 10 Bang Na-Trat KM 4.5, Bang Na district, Bangkok 10260 Thailand
Tel 66-2-325-5555, 66-2-317-0420 and 66-2-316-5900 Fax 66-2-751-4446
Contact us: Nation Internet
File attachment not accepted!