BANGKOK, Nov 22 – Thai Industries Sentiment Index (TISI) increased in October for the first time in four months, according to the Federation of Thai Industries (FTI).
FTI Chairman Payungsak Chartsutipol said the October TSI stood at 92.8, up from 90.4 in September. However, he said the survey was conducted before the political protests and the index figure was lower than 100, indicating that entrepreneurial confidence was low due to worries on production costs, including the costs of energy and raw materials.
Mr Payungsak said political instability is the main factor impacting the Industries Sentiment Index, and that this month’s demonstrations will need to be assessed to see how they will affect entrepreneurs’ confidence.
The federation advised that the government continue its mega-investment projects, resolve political problems and develop Thailand’s borders with other countries to support economic growth along the borders as well as create trade opportunities and resolve a labour shortage.