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BANGKOK- Thai industrial sentiment fell in August due to weak domestic demand, high production costs and floods, the Federation of Thai Industries (FTI) said on Wednesday as it called on the government to announce economic support measures this year.
The FTI said its industrial sentiment index dropped to 87.7 in August from 89.3 in July, when it had risen for the first time in four months.
Domestic demand has slowed down, reflected in a 24 percent year-on-year slump in car sales in the first seven months of 2024 as banks have tightened up on lending, the FTI said in a statement.
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It also said exports had been affected by the rise of the baht to a 19-month high against the dollar.
