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Byline: Parista Yuthamanop
Nov. 1--While the full impact of prevailing global tension on the Thai economy remains to be seen, the latest data from the Bank of Thailand point to falling consumer confidence diminishing prospects for a recovery in private investment.
Preliminary data for September released yesterday showed manufacturing stable, with the production index down 1.8 percent from last year due to high base effects.
Domestic consumption moderated from the year before, while private investment showed signs of further declines, according to Atchana Waiquamdee, senior director of the central bank's Economic Policy Department.
Industrial capacity utilisation totalled 52.8 percent for September, a slight gain from 52.2 percent posted the month before.
While passenger car sales were up 52.8 percent from the year before and retail sales showed gains, both motorcycle sales and consumer imports showed declines from the previous months.
The electronics sector showed a 38 percent drop in production due to the global down cycle, a trend aggravated by cutbacks in new IT investment following the Sept 11 attacks.