Industrial confidence index rises

The Federation of Thai Industries yesterday (Feb 22) reported the industrial confidence index for January rose to 91.0 points from 89.1 in December 2017.

The rise is a sustained 3 months rise and a 36 month peak, said FTI chairman Jane Numchaisiri.

But he said the industrial confidence index forecast for the next 3 months would offset the gain as it is expected to drop to 101.1 points from 102.8 in the previous period due to concern over the minimum wage hike.

Meanwhile the FTI also reported new car sales in January totaled 66,500 units, a 16% rise over the same period last year, but fell by 36% from that recorded in December of last year.

Special promotions and campaigns during the Bangkok International Motor Expo had helped sales figures for December.

Also contributing to car sales was the recovering economy which allowed manufacturers to introduce new models to the market.

Moreover the fact that owners of cars bought under the previous governments “First Car” campaign desire to upgrade to newer models has helped December 2017 sales to reach extraordinary high.