Thailand’s industries sentiment index fell to a five-month low in April amid high production costs as the invasion of Russia in Ukraine had pushed the price of energy and raw materials higher.
The Federation of Thai Industries (FTI) reported that its industries sentiment index fell to 86.2 last month after an increase to 89.2 in March.
According to the statement from FTI’s chairman Kriengkrai Thiennukul, the conflict between Russia and Ukraine has an impact on global trade and growth, as well as the price of some products that Thailand is required to import.
The fall was also driven by lower domestic demand and household spending, he added.
