Business confidence declines in February
Play
Thai business sentiment index in February continued to decline from the previous month, but businesses were optimistic that the conditions would improve over the next three months, according to the Bank of Thailand.
The sentiment in February declined due to businesses' concerns over the slowdown of domestic and external demand, the central bank said. Moreover, the respondents in food and beverage sector affected by the shortage of agricultural raw materials from drought expressed negative confidence in production cost in this month.
However, over the next three months, most respondents expected business conditions to improve, indicating confidence in the pace of economic recovery, the central bank said.
Most respondents expected that both inflation and production cost over the next 12 months would
decline from the previous month, given continued lower energy cost.
Current and expected liquidity sentiment indices remained below 50, attributable to weak confidence on sales and concerns on higher interest.
