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Thai Business Confidence Edges Up in July

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Corporate morale among Thai businesses improved slightly in July, with the headline Business Sentiment Index (BSI) coming in at 46.7 points, according to the survey data released Monday by the Bank of Thailand.

The reading was up from 46.1 points recorded in the previous month. A reading above the 50-point threshold indicates overall optimism, while a figure below signals a deterioration.

The monthly momentum was driven by the non-manufacturing index as fuel costs fell and flight services rose.

The manufacturing index edged down to 47.2 in July from 49.1 in June, while the non-manufacturing index climbed to 46.2 from 43.1.

Meanwhile, business operators raised their near-term expectations, with the three-month expected Business Sentiment Index moving to 50.7 points from 48 recorded in the previous month's survey.

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