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Study Shows Thai Business Confidence Down.

Bangkok Post (Bangkok, Thailand)

| October 02, 2001 | COPYRIGHT 2001 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Oct. 2--Business confidence in August showed steady declines across all sectors, with only 21.3 percent of companies expecting improved corporate profits in the near-term, according to the Bank of Thailand.

Asked about prospects for the next three months, 34.5 percent of respondents said they expected short-term profits to decline, with the remainder expecting little change.

The survey of listed companies tracks confidence for September, October and November.

The overall index for August showed a confidence level of 45.5 points, similar to the month before. An index points level below 50 shows low confidence in economic trends.

The August survey showed that 34.9 percent of respondents expected orders from overseas demand and domestic consumption to decline, compared with 15 ...

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