Political issues drag confidence of industrialists

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BANGKOK, 17 December 2014  The Thai Industries Sentiment Index (TISI) dropped to the lowest in 25 months in December 2013 thanks to the current political rift. 

According to the Federation of Thai Industries (FTI) president Payungsak Chartsuthipol, the Thai Industries sentiment index (TISI) plummeted to 88.3 in December from the 90.3 in November, which is the lowest since December 2011.

Entrepreneurs have expressed concerns over the ongoing political situation, which has repercussions on the already sluggish local economy. Moreover, the decrease in domestic orders, sale volume, output, have resulted in poor business performance in many sectors.

He said the survey also found that entrepreneurs demanded that the government settle the political conflicts by peaceful means as soon as possible lest it take heavy toll on the country, slowing down economic activities and domestic consumption.