Thai Industries Sentiment Index in December dropped to 91.7

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BANGKOK  -The Thai Industries Sentiment Index (TISI) in December dropped to 91.7, wilting under pressure from the global economic fluctuations, drought situation and strong baht.

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Federation of Thai Industries (FTI) chairman SupantMongkolsuthree reported on Wednesday the TISI survey which involved companies in several industries.

He said the private companies were worried about the lower domestic demands stemming drought-effect on agricultural products.

External economic situations and baht appreciation had also limited the country’s exports, he said.

The TISI in December stood at 91.7 points, down from 92.3 in November.

Looking ahead, the FTI predicted the TISI to reach 100.1 points over the next three months, given other risks pressuring economic sentiment.

Suphant said the FTI recommend the government to speedily implement measures to battle drought. (TNA)