Post by account_disabled on Dec 25, 2023 22:22:40 GMT -6
Mr. Suphan Mongkolsuthi, Chairman of the Federation of Thai Industries (F.T.I.), revealed the results of the survey. The industrial confidence index in June 2020 stood at 80.0, increasing from 78.4 in May 2020, with the index value increasing continuously for the second month, with positive factors from the government easing control measures. COVID-19 Phases 3 and 4, including the lifting of the ban on leaving one's residence (curfew), allows entrepreneurs to carry out more economic activities. Meanwhile, border trade checkpoints are gradually opening in many areas, which has a positive effect on Thai product exports.
In addition, throughout the month of June, the number of people infected Email Marketing List with the COVID-19 virus daily is low Makes entrepreneurs more confident However, although the confidence index It will continue to increase for the second month but is still below the level of 100. Entrepreneurs are still concerned about liquidity. and lack of access to credit, especially for small entrepreneurs, and the problem of the appreciation of the baht. Including higher operating costs due to higher oil prices, raw material prices, and logistics transportation costs. From a survey of 1,205 entrepreneurs covering 45 industry groups nationwide in June 2020, it was found that factors that cause entrepreneurs to have increased concerns include the political situation in the country (50.0 percent), exchange rates.
The reference exchange rate is the baht against the US dollar at 46.7 percent, the oil price at 36.1 percent, and the loan interest rate at 20.5 percent, respectively. As for the factors that cause entrepreneurs to be less worried. is the world economic situation, 70.1 percent For the next 3 months, the index is expected to be at 90.1, down from 91.5 in May 2020, as entrepreneurs are concerned about the weakness of domestic purchasing power over the next 3 months due to economic fragility. and concerns about the resurgence of the COVID-19 virus in a second wave, while there is not much economic activity during the rainy season. Therefore, government measures to revive the economy after COVID-19 It is important to the expansion of the Thai economy in the future.
In addition, throughout the month of June, the number of people infected Email Marketing List with the COVID-19 virus daily is low Makes entrepreneurs more confident However, although the confidence index It will continue to increase for the second month but is still below the level of 100. Entrepreneurs are still concerned about liquidity. and lack of access to credit, especially for small entrepreneurs, and the problem of the appreciation of the baht. Including higher operating costs due to higher oil prices, raw material prices, and logistics transportation costs. From a survey of 1,205 entrepreneurs covering 45 industry groups nationwide in June 2020, it was found that factors that cause entrepreneurs to have increased concerns include the political situation in the country (50.0 percent), exchange rates.
The reference exchange rate is the baht against the US dollar at 46.7 percent, the oil price at 36.1 percent, and the loan interest rate at 20.5 percent, respectively. As for the factors that cause entrepreneurs to be less worried. is the world economic situation, 70.1 percent For the next 3 months, the index is expected to be at 90.1, down from 91.5 in May 2020, as entrepreneurs are concerned about the weakness of domestic purchasing power over the next 3 months due to economic fragility. and concerns about the resurgence of the COVID-19 virus in a second wave, while there is not much economic activity during the rainy season. Therefore, government measures to revive the economy after COVID-19 It is important to the expansion of the Thai economy in the future.