Business operators are confident in Q4 economy ´s improvement

BANGKOK, 16 December 2009 (NNT) –The Bank of Thailand (BoT) revealed the survey results on 161 businesspersons’ opinions in Q3. It found that most of them were confident on the improvement of Q4 economy in accordance with the global economic recovery.

They referred to the rise in the Economic Recovery Index on the purchasing orders of the electronic industry and hard disk drives as well as a higher consumption of goods such as motors and electric appliances, which reflected the rise of consumers’ confidence. The export value of the last nine months for the electronic industry amounted to 652 billion THB, while the electronic appliances amounted to 386 billion THB.

The Motor Expo organized this early December and other marketing activities has driven up the production and sale rate. Expected net sales this year has been raised from 50,000 motor vehicles to 480,000, while the number of motor vehicles to be exported may reach 510,000.

In the real estate sector, better direction has been shown in both demand and supply, as seen in the increase of new property projects opening. The employment rate in the production and service sectors also increased. Most business operators therefore believed that the economy in Q4 would improve. Despite this there is still concern about the global economic volatility and the price of oil which could affect production costs.