InfoQuest (January 12, 2022) - The Thailand Industrial Sentimental Index (TISI) increased for the fourth consecutive month last December, up to 86.8 points from November's 85.4 points, the Federation of Thai Industries (FTI) said.
The upward trajectory shows that confidence in the manufacturing and trade sectors is improving. The uptick is attributed to the Thai government's stimulus packages and the easing of COVID-19 restrictions, which boosted economic recovery and domestic travel.
The forecast TISI for the next three months falls to 95.2 points from 97.3 points last November, mainly due to the spread of the Omicron variant in Thailand and other countries.
The FTI made the following recommendations to the Government: 1) speed up the vaccination of the booster dose; 2) maintain economic growth; 3) be prepared for a possible increase in the number of confirmed cases; 4) promote the Regional Comprehensive Economic Partnership (RCEP), which took effect on January 1 this year.
Source: InfoQuest, by Tanawat Suayaem/Rachada Kongkhunthian/ Kasamarporn Kittisamphan, translated by Xinhua Silk Road
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