BANGKOK (Xinhua): The Federation of Thai Industries (FTI) said in a report on Thursday (May 21) that automobile production fell to the lowest level in 30 years in April, impacted by the Covid-19 pandemic.
The FTI report said only 24,711 automobiles were produced in April, down 83.55 per cent year-on-year.
Also, the domestic sale of cars in Thailand was at 30,109, down 65.02 per cent year-on-year due to the drop in people's purchasing power, while the export of automobiles was at 20,326, down 69.71 per cent year-on-year owing to the economic slowdown.The report also said that very few people had been visiting car showrooms even though the Covid-19 situation has improved.
Earlier, FTI President Suphant Mongkolsuthree told the media that the industrial confidence index in April stood at 75.9 from the previous month of 88.
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