Thailand’s industrial confidence continued its downward trend in May, marking the fourth consecutive monthly decline, according to the Federation of Thai Industries (FTI). The FTI’s Industrial Sentiment Index decreased to 84.7 from 85.3 in April, signaling ongoing challenges for the manufacturing sector. Key factors contributing to the decline include escalating energy and raw material costs, persistent labor shortages, and subdued domestic demand. The report indicates particular weakness within specific manufacturing industries, though details were not immediately available. This sustained drop in confidence suggests a challenging economic environment for Thai manufacturers. The FTI data provides a snapshot of the current business climate and potential future economic performance within the industrial sector.