Thailand Faces Flat Year

September 2006 | BMI View

First half sales for Thailand's automotive industry show that the decline in growth for 2005 was no anomaly, as H106 sales were down by 3% and the traditionally strong pick-up segment down by 4.6%. This has led BMI to revise its sales forecast downwards to growth of 1.5% in its recently published "Thailand Automotives Report". The report highlights the reasons behind the industry's slowdown, including continuously rising oil prices, escalating interest rates and political instability resulting from the recent military coup. As BMI does not expect any of the issues to be resolved immediately we do not expect growth to

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