Industries sentiment index records 23-month low

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BANGKOK, 18 Oct 2013 The Thai Industries Sentiment Index (TISI) in September 2013 stood at 90.4, lowest in 23 months, according to the Federation of Thai Industries (FTI). 

Chairman of the Federation of Thai Industries (FTI) Payungsak Chartsuttipon has revealed that the Thai Industries Sentiment Index (TISI) dropped to 90.4 in September from 91.3 in the previous month, adding that the figures in the past 15 consecutive months have been below 100 as September index was the lowest in 23 months. He cited current flood situation as one of the main influences, saying other influences include rising production cost, fierce competition, and political uncertainty.

The chairman also spoke on behalf of the Thai investors, saying he wants to see the government push forward its mega projects, both the 2.2 trillion baht infrastructure development plan and the 350 billion baht water management project. He said the 2 projects are the determiners of the growth in Thai industry and economy.