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Investing.com -- Thailand’s industrial sentiment index declined for the fifth consecutive month in July, reaching 86.6 from 87.7 in June, the Federation of Thai Industries (FTI) reported on Tuesday.
The drop in sentiment stemmed from concerns about potential U.S. tariffs, ongoing border tensions with Cambodia, flooding in northern Thailand, and weakening domestic purchasing power, according to the FTI.
The survey was conducted before the United States implemented a 19% tariff on Thai imports, a rate that aligns with those imposed on other countries in the region.
The FTI noted that uncertainty remains regarding tariff rates on goods transshipped through Thailand from third countries.
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