The Thai Industries Sentiment Index (TISI) hit a 19-month high in July mainly because of increasing purchase orders and sales together with higher productivity and profitability, the Federation of Thai Industries (FTI) reported on Tuesday. A figure above 100 means that confidence remains good. The TISI rose from 83.5 points in June to 89.9 points in July, thanks to the economic stimulus measures carried out by Thailand and foreign countries. The FTI forecast that the index may reach 96.7 points in the next three months. The nongovernmental organisation said industry was concerned about increasing operating costs due to rising fuel prices. The figure was lower than 100, indicating that confidence was still weak, the FTI said. (Bangkok Post)
Leave a reply
Thai Consumer Confidence Drops to 11-Month Low Amid Political Uncertainty
The University of the Thai Chamber of Commerce's (UTCC) consumer confidence index fell for the fifth consecutive month in July...
Boosting Thailand’s Digital Trade Readiness: Insights from the Global Trade Modernization Index 2024
Thailand Digital Trade Ranks 32nd Globally, 3rd in ASEAN Thailand secured the 32nd position out of 65 countries in the...
Thai Baht Weakness at 10 Month Low: Causes and Effects on the Struggling Economy
Thai Baht Weakness: Understanding the Decline and Economic Implications The Thai baht, Thailand's national currency, has been on a downward...
