InfoQuest (August 11, 2021) -- According to Mr. Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), the Thai Industries Sentiment Index (TISI) dropped from 80.7 in June to 78.9 in July.
Affected by the lockdown measures against the pandemic, TISI has declined for four consecutive months, hitting a record low in the past 14 months.
However, the efforts of the government, instead of reducing the infected number, lowered the income of business operators and the people. Labor shortage and factory shutdown as a result of pandemic spread all contributed to weakened production capacity. The COVID-19 vaccination rate of factory employees remains low.
The continuous expansion of exports boosts TISI growth. Thailand saw higher export orders and sales volume by the previous month thanks to the economic recovery of trading partners and depreciation of the Thai baht.
Source: InfoQuest, by Tanawat Suayaem/Ratchada KongKhunThien/Sasithorn Simporn, 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.
A single purchase
