Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
InfoQuest

Thai industry sentiment hits 12-month low

October 21, 2019


Abstract : The Thai Industries Sentiment Index (TISI) in September hit its lowest level in 12 months, dropping to 92.1 from 92.8 in August.

InfoQuest, (October 19, 2019) -- The Thai Industries Sentiment Index (TISI) in September hit its lowest level in 12 months, dropping to 92.1 from 92.8 in August. This decline was largely because entrepreneurs remained concerned that the global economy, as well as the domestic economy, will continue to see a slowdown, according the Federation of Thai Industries (FTI).

More than 70 percent of business operators remained concerned about the trade war between China and the United States. Over 50 percent of local entrepreneurs were worried about the baht's continuing appreciation. In September, the baht gained 5 percent, to its strongest level of 30.76 baht versus the U.S. dollar, and Thai exporters suffered from this currency appreciation. Retail oil prices have increased gradually, putting pressure on the operating costs of businesses.

Mr. Supant said although the government had many stimulus measures to beef up the country's GDP, overall business sentiment had yet to recover in the big picture. He cited the slowdown of investment projects at home and manufacturing machinery and raw material imports. Domestic consumption also shrunk from floods in the Northeast Region.

The FTI forecast that the TISI will reach 103.4 over the next three months, up from its previous forecast of 102.9, because business operators gain confidence in Thai economy, as they expect the government's "Taste-Shop-Spend" measure (Phase I/Phase II) will stimulate domestic expenditure by the end of 2019.

The FTI suggested the government encourage Thai enterprises to invest abroad, especially in the markets with great potential, adjust investment terms and tax incentives to attract more investors, as well as strengthen the support for "Made in Thailand" products, promote the consumption of domestic produces, especially through the procurement of government, and guide Thai consumers to buy more local products.

Source: InfoQuest, by Nisarat Wichiensri/ Kasamarporn / Rachada, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: Thailand Infoquest

Reading:

Land handover of rail linking three key Thai airports on track

Shaangu Group to break new ground with gold medal won at 2019 World Manufacturing Convention

SAIC Motor accelerates global expansion under BRI

MOC revises related notice to build confidence in export examination

SEC warns people not being fooled into making investments in digital asset

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial