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Thailand's optimism increasing

Staff writer |
Thailand's index of industrial sentiment improved in May for the first time in seven months. Sentiment among the approximately 40 industry groups climbed to 85.1 from 84 in April, according to the Federation of Thai Industries.

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Supant Mongkolsuthree, chairman of the industries federation, said index has been helped by positive signs that economic activities are beginning to move forward after the Thai military seized power May 22. "Business operators see that is a good step that will lead to the recovery of the economy and industrial output. It also provides an opportunity for the resumption of investment."

Mr. Supant said quick disbursement of about 90 billion baht ($2.7 billion) to rice farmers who hadn't been paid for months for the rice they sold to the ousted government headed by Yingluck Shinawatra also improved spending and local consumption.

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