The forward economic confidence index for the Eastern Economic Corridor (EEC) region has reached an astounding 87.1 points thanks to government efforts to build infrastructure in support of the EEC.
All areas of Thailand experienced increases in confidence during the month of May, according to the Thai Regional Economic Sentiment Index (RSI). The economic sentiment index for the EEC region increased to 87.1 points. The sentiment index for the agricultural, industrial, and service sectors was 86.5, 88.9, and 90.1, respectively.
The sentiment indices for job and investment prospects were 83.0 and 87.3 points, respectively.
The Fiscal Policy Office (FPO) of the Ministry of Finance creates the RSI, which represents forward confidence in the economy for the following six months.
The government’s quick growth of the EEC region as an investment hotspot and a hub for 12 of Thailand’s target industries, according to the FPO, is what caused the improvement in sentiment.
The EEC has been drawing in foreign professionals and investors while generating cash that is distributed to local communities. The Thai economy is anticipated to gain steadily from the EEC effort.
