PUBLISHED : 21 Oct 2023 at 04:00
The Thailand Industry Sentiment Index (TISI) continued to decrease for the third consecutive month to 90 points in September, attributed to weak purchasing power, caused by lower income for farmers and high household debt amid the global economic slowdown, says the Federation of Thai Industries (FTI).
The indicator posted 91.3 points in August.
“Goods orders, sales and production volume all declined, which affected the TISI,” said Kriengkrai Thiennukul, chairman of the FTI. “Only operating costs of factories appeared to improve in September.”
Energy costs in the manufacturing and transport sectors were under control after the cabinet approved measures to reduce electricity bills and diesel prices last…
