The Thai industries sentiment index (TISI) increased for the first time in four months to 94.3 in May this year, as compared to 92.9 registered in April. According to the data released by the Federation of Thai Industries (FTI), Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), stated that the positive factors that fuelled manufacturers’ confidence constituted the dampened baht, which moderated concerns about trade competitiveness, the central bank’s monetary policy committee decision to reduce the policy rate to 2.50%, in order to help drive the economy, as well as the fact that there were more working days in the month.
However, manufacturers are still concerned about the global economic volatility, internal political conflict and how the local currency’s fluctuation is impacting the export sector.
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