Bangkok Post
17-02-2011
The Thai Industries Sentiment Index (TISI) for January increased to 112.7 from 109.7 in December 2010, Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said on Thursday.
The recent survey on confidence of the industry sector by the FTI involved 1,006 samples in 39 industrial groups under the federation’s umbrella.
“The TISI went up for three consecutive months. The index stands above the 100 level, showing that manufacturers have high confidence in the economy,” said Mr Payungsak.
The FTI chairman attributed the index improvement to the increasing domestic demand on the back of high prices of agricultural products, particularly rubber, that helped increase purchasing power of farmers, the government’s policy to keep the diesel price below 30 baht a litre and the weakening baht that helped boost the export and tourism sectors.
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