The Thai Industrial Sentiment Index TISI in December rose for the second consecutive month but still remained below 100 because of concerns over the increased minimum wage and energy prices.

Payungsak Chartsutthipol, chairman of the Federation of Thai Industries FTI said that the TISI in December stood at 98.8, up from 95.2 in November, resulting from the increased demand for goods and service for the New Year festival, an international motor show event and expanding exports.

However, the index is still below 100, indicating entrepreneurs’ concerns over the Bt300 minimum wage and higher costs of raw materials and energy. The private sector demanded the government slow down raising energy prices both electricity and liquefied petroleum gas LPG and subsidise the increased daily minimum wage for two years. MCOT online news

via Industrial index rises for 2nd consecutive month | MCOT.net.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Thai growth forecasted at 2.8%, Asia Sails into persistent Headwinds (IMF)

Asia Sails into Headwinds from Rate Hikes, War, and China Slowdown with growth forecasts lowered for this year and 2023, while inflation exceeds central bank targets in most countries

Thailand’s GDP growth picked up to 4.5% y/y in Q3

Thailand’s economy experienced a positive spillover from the tourism industry in the third quarter, significantly boosting private consumption