Industrial confidence lowest in 11 months
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Thailand Industries Confidence Index fell for five executive months in October, to 93 points which is the lowest level in 11 months since December 2011.
Payungsak Chartsutipol, chairman of the Federation of Thai Industries which conducted the survey, said that the figure reflected the poor state of business operators' confidence, influenced by a hike in raw material price, wage and electricity bills. Meanwhile, export-oriented manufacturers also suffered from weak export demand.
"The private sector is now asking for a delay in the fuel tariff. The government should keep power prices undee control, to help reduce the production cost. They also want the government to address labour shortage," he said.
