Thailand's industrial confidence index highest in a decade
Thailand’s Industrial Sentiment Index (TISI) was at its highest for a decade in March, boosted by a rebound in domestic demand, production increases and improved performance, with the exception of production costs, Thai PBS World reports.
Thailand's industrial confidence index highest in a decade
The Economics of Geography

Thailand's industrial confidence index highest in a decade

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Eurasia 26/04/2023 06:30

Thailand’s Industrial Sentiment Index (TISI) was at its highest for a decade in March, boosted by a rebound in domestic demand, production increases and improved performance, with the exception of production costs, Thai PBS World reports.

The index rose to 97.8 points in March, up from 94.1 points and 96.8 points in January and February respectively, and was the highest since January 2013, the article quoted Government Spokesman Anucha Burapachaisri. He added that he expects the index to pass 100 to 106.3 in the next three months. A reading above 100 indicates optimism, while a reading below 100 indicates pessimism, Thai PBS World reminds.

Anucha said that the March index was based on an opinion survey of 1,322 industrial entrepreneurs, covering 45 industrial groups, who agreed that domestic demand has improved, boosted by increased purchasing power in the farm sector and tourism sector recovery, the article adds.

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