Thai Industries Sentiment Index rises in June for 2nd month

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BANGKOK, July 23 — The Federation of Thai Industries (FTI) reports an improved Thai Industries Sentiment Index (TISI), even as Thai business operators worry about the possible impact of the human trafficking image of Thailand.

FTI chairman Suphan Mongkholsuthee said a survey on Thai industrialists’ confidence in June showed that the TISI rose to 88.4 from 85.1 in May following the May 22 military takeover.

Surveyed industrialists saw the national situation returning to normal. During this years 2014 FIFA World Cup sales of sporting goods and sports clothing grew.

However, Mr Suphan said, the index remained below 100 as operators are concerned about the United States moving Thailand to its lowest Tier 3 ranking among countries tolerating human trafficking.

Industrialists feared that the lower position of Thailand on the US human trafficking watch list could reduce Thai exports to the US and Europe.

The TISI for the next three months was at 101.9, edging up from 101 in May.

Industrialists were less worried about the impact of domestic political situations, oil prices and global economic conditions.

Their growing concerns came from the exchange rate between Thai baht and US dollars.