Thailand’s TISI increases to 94.3 in May

By bne IntelliNews June 17, 2013

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.

Related Articles

Rosneft-led acquisition of India's Essar completed, says CEO Sechin

The acquisition of India's Essar Oil led by Russian oil major Rosneft can be “considered done”, the state-controlled company’s CEO Igor Sechin said at the annual shareholder meeting on June 22, ... more

Vietnam’s textile and garment exports to South Korea records USD 1.64bn in 2013

Vietnam’s textile and garment exports to South Korea expanded 53.5% y/y recording USD 1.64bn last year, while the nation overall exports to South Korea accelerated 18.9% y/y posting USD 6.6bn. The ... more

Vietnam, Kazakhstan to boost investment cooperation

Vietnam’s trade with Kazakhstan expanded USD 221.8mn during first eleven months last year. According to Erbolat Dossaev, Kazakh Minister of Economy and Budget Planning, Vietnam’s exports to ... more