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Thai Business Confidence Rebounds in June, But Stays in Negative Territory

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Corporate morale among Thai businesses improved in June as the headline Business Sentiment Index (BSI) rebounded to 46.1 points, though the reading remained firmly in negative territory, according to the latest survey data from the Bank of Thailand on Wednesday.

The reading rebounded from the near five-year low of 42.5 recorded in May, although it fell short of the Trading Economics forecast of 49 points. It also marked the sixth straight month of pessimism among businesses.

The monthly momentum reflected easing Middle East tensions and softer energy costs which lifted production, performance, and order books.

The manufacturing index edged up to 49.1 from 44.3 in May, while the non-manufacturing index, climbed to 43.1 from 40.9.

Meanwhile, business operators raised their near-term expectations, with the three-month expected Business Sentiment Index moving to 48 points from the 46.9 recorded in the previous month's survey.

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