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THAI CONSUMPTION PANORAMA BRIGHTENS.
(From Market - Asia Pacific)
Industrial orders for goods and services have driven up private sector expenditure in recent months and the upward trend should continue through the first half of this year.
Orders for imported capital equipment and raw materials showed growth in excess of 15 percent through the second half of 2003. The growth pace should drop to near 10 percent by the second quarter but double-digit growth should persist through most, if not all, of this year. Most manufacturers are operating at well below installed capacity, but that situation could change by the second half of this year, leading to an increase in demand for fixtures and infrastructure equipment associated with new production plants by 2005
The engine that will drive demand for goods and services this year is private investment. Investment ...
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