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BANGKOK, Aug 1 Asia Pulse - Business sector confidence in Thailand continued to decline through July upon concerns over continuing political uncertainties fuelled by a spate of clashes between anti- and pro-government groups of demonstrators, according to the Bank of Thailand.
The central bank said that an economic data exchange programme conducted with the private sector showed total sales in the business sector and private spending and investment in the second quarter slowed down from the previous quarter since raw material costs had continued to rise without interruption.
The private sector viewed that local demand in the second half of this year would decline from that in the first half of the year.
Amid economic uncertainties, the private sector also gave a priority to increasing production efficiency and using greater caution in conducting business operations. Private spending in the second quarter slowed from the previous quarter. It could be ...