Thai economic confidence improves across the region

The efforts of the Thai Government to develop infrastructure in support of the Eastern Economic Corridor (EEC) have allowed the forward economic confidence index for the EEC zone to reach an impressive 87.1 points.

The Thai Regional Economic Confidence Index for May showed improvements in confidence across all regions of Thailand. In the CEE area, the economic confidence index rose to 87.1 points.

The sentiment index stood at 86.5 for the agricultural sector, 88.9 for the industrial sector and 90.1 for the services sector. Regarding employment and investment prospects, the sentiment indices stood at 83.0 and 87.3 points, respectively.

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The RSI is prepared by the Fiscal Policy Office (OPF) of the Ministry of Finance, and reflects future confidence in the economy for the next 6 months.

According to the OPF, the improvement in confidence is due to the rapid development by the Government of the EEC zone as an investment focus and development center for 12 Thai industries.

The Thai Regional Economic Confidence Index for May showed improvements in confidence across all regions of Thailand

The EEC has attracted foreign investors and professionals, while creating jobs and dispersing income to area communities and nearby towns. The development of the JEE is expected to sustainably benefit the Thai economy.