Business operators’ confidence index for November highest in 66 months
Business operators’ confidence index for the month of November peaked to 93.9 points from 92.6 points in October, representing the highest level in 66 months since June 2013.
Suphan Mongkonsuthee, president of the Federation of Thai Industries, said Thursday that the peak of business operators’ confidence was due to the fact that many producers have stepped up their production in compensation for less working days in December which has several public holidays and, at the same time, the operators have held sale promotion activities on continuous basis, resulting in sale increase especially in fashion, food, electrical appliance, automobile and electronics segments.
He expected the confidence index for the next three months to increase to 107.4 and 106.7 points which reflects their confidence for the future and also their confidence in the election which will benefit the economy, especially in upcountry provinces.
Meanwhile, Tourism Authority of Thailand governor Yutthasak Supasorn said that tourist arrivals in Thailand until December 17 amounted to 36.2 million and, by the year end, the numbers would increase to 35.4 million.
Revenue from tourism is expected to surpass the projection of three trillion baht to 3.04 trillion baht.