Thai industrial sentiment drops in August

Thailand's industrial sentiment index slipped in August, according to Business Recorder, citing a Wednesday statement from the Federation of Thai Industries. The reading came in at 89.7, compared with 90.0 in the prior month. The federation said energy prices, weaker purchasing power and flooding in some areas weighed on the gauge.

A separate report in the same publication said Thai factory output for June dropped 3.1% year on year, weaker than forecast. Both items together describe pressure on Thai manufacturing.

Because the figures cover different months, they should be read as separate signals rather than a single trend. The report gives no further detail on the energy prices or flooding it cites. Neither item names a listed company.