Industrial Sentiment Index drops in april

The private sector is concerned that oil price surges may affect their operation expenses and lead to a drop in the Industrial Sentiment Index for April.

Chairman of the Federation of Thai Industries or FTI, Santi Vilassakdanont has disclosed the Industrial Sentiment Index for April 2008. The figure went down from 83.2 points last month to 78.8 points.

Santi said industrial manufacturer confidence was pressured by a three-baht jump in diesel energy costs during the period, as well as rising raw material prices for farm and consumer products.(TOC)

Nothing surprising. And it’s only the beginning. There is a lag effect. Therefore the very high oil prices we see now… will reveal their full impact much later.

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