Positive sentiment among Japan firms in Thailand at six-year high

By On August 07, 2018

Positive sentiment among Japan firms in Thailand at six-year high

Sorry, but your browser needs Javascript to use this site.
If you're not sure how to activate it, please refer to this site: http://www.enable-javascript.com/

BANGKOK â€" Japanese companies operating in Thailand are upbeat about the business climate thanks to recovery in the automobile sector and its spillover effects to other sectors, with a diffusion index for the second half of this year reaching the highest level in six years.

The index for the direction of the business climate in the July-December period rose to 40, up four points from the first half of this year, for the sixth straight half-year improvement, according to a survey by the Japanese Chamber of Commerce, Bangkok. It was the highest positive figure since the latter half of 2012 when the index stood at 41.

According to the survey, the indexes for manufacturers and nonmanufacturers in the latter half of this year came to 36 and 45, up from 32 and 41 from the first half, respectively.

Business sentiment in sectors such as textiles, general machinery, transportation machinery, trading and retailers improved, while that in sectors like chemicals and construction fell.

Hiroki Mitsumata, director of the economic research group at the chamber and head of the Japan External Trade Organization’s Bangkok office, said, “Automobile sales in the domestic and overseas markets are recovering, bringing positive effects to other sectors.”

The chamber polled 1,749 member firms in May and June this year, of whom 557 responded.

Seventy percent of the respondents said their sales in the 2018 business year will rise, up 5 percentage points from the previous year, while 84 percent said their pretax profits will increase, up 6 percentage points.

LATEST BUSINESS STORIES

Image Not Available
Japan eyes expansion of corporate pension and insurance schemes to cover more part-timers
The government plans to allow more part-time workers to join the corporate pension and health insurance programs, hoping it will reinforce the financial base for Japan's overall pension and heal...
The Reality app is designed to help virtual stars who livestream programs to communicate with fans.
Gree-owned firm launches app aimed at boosting Japan's booming world of 'virtual YouTubers'
An app offering livestreamed videos featuring virtual stars debuted Tuesday with the aim of accelerating Japan's emerging world of avatar entertainers. Wright Flyer Live Entertainment, wholly ow...
Image Not Available
Dollar static around ¥111.30 in Tokyo
The dollar moved in a narrow range around ¥111.30 in Tokyo trading Tuesday amid a dearth of fresh major trading incentives. At 5 p.m., the dollar stood at ¥111.35-35, up from ¥111.26-26 at the s...

Source: Google News Thailand | Netizen 24 Thailand

Next
« Prev Post
Previous
Next Post »