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Bangkok Post
Bangkok Post
Business
LAMONPHET APISITNIRAN

Industries sentiment index highest in 42 months in June

Supporters watch the World Cup final outside the CentralWorld shopping complex in Bangkok on Sunday night. Rising consumer demand stirred by the tournament boosted the industries sentiment index last month. (Photo by Pattarapong Chatpattarasill)

The Thai Industries Sentiment Index hit a 42-month peak in June, rising for second consecutive month.

The index increased to 91.7 last month, up from 90.2 in May, thanks to the World Cup, which stimulated consumer demand for food, electronic and electrical products, and garments, according to the Federation of Thai Industries (FTI).

The figure was based on a survey of 1,019 members in 45 industries, FTI chairman Suphan Mongkolsuthree said on Wednesday. 

“The World Cup season this year proved beneficial for textiles, garments, sportswear and electronic and electrical devices, which are the country’s main products,“ he said.

The FTI anticipated the next three-month industries sentiment index would rise to 102.7 from 101.6 in the period to May, thanks to government investment projects and export growth.

However, there was concern about interest rates and international trade disputes, Mr Suphan said.

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