BANGKOK, Nov 19 – The Thai Industries Sentiment Index (TISI) rose to 87.5 in October after falling during the two previous months as orders for products and operational results improved, even as automotive exports declined.
Supant Mongkolsuthree, chair of the Federation of Thai Industries (FTI), said the TISI rose to 87.5 from 86.1 in September as there were more orders for products, border trade grew and global oil prices were dropping.
However, business operators are still concerned about Thailand’s domestic economy.
They see government spending and investment as key to long-term economic stimulation and as a boost for investment by the private sector.
The TISI for the next three months rose to 105.7 from 104.7 in September.
Surapong Paisitpattanapong, spokesman for FTI’s Automotive Industry Club, said Thailand exported 93,413 completely built automobiles in October.
The amount dropped by 3.54 per cent year-on-year and fell for the third consecutive month as auto exports to the Middle East, Africa and North America fell during that period. The value of auto exports stood at Bt43.97 billion, rising by 1.48 per cent year-on-year.
In the first 10 months of this year, auto exports amounted to 932,365 units, decreasing by 1.25 per cent year-on-year.
The export value stood at Bt440.15 billion and rose by 3.08 per cent year-on-year.
In October, Thailand produced 159,760 vehicles, a decline of 13.7 per cent year-on-year due to the domestic economic slowdown. In the first ten months of this year (January through October), the country produced 1,568,300 vehicles, dropping by 25.86 per cent year-on-year.