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