Thai industrial sentiment falls for the third straight month in May

BANGKOK: Thailand’s industrial sentiment index dropped for a third straight month in May due to the impact of the war in the Middle East, slowing production and a shortage of labour, the Federation of Thai Industries said on Wednesday.

The federation said its industrial sentiment index fell to 84.7 in May from 85.3 in the previous month.

A leading business group last week raised its 2026 economic growth forecast to 1.6%-2.0%, citing support from government stimulus measures.

Last year’s growth was 2.4%.‑Reuters