The Thailand Industry Sentiment Index (TISI) fell to a seven-month low of 84.3 points in May amid economic uncertainties ranging from rising inflation to political conflicts overseas, says the Federation of Thai Industries (FTI).
The inflation rate hike and prolonged global oil price surge, driven by the Russia-Ukraine war, come as consumer purchasing power remains weak.
These factors have dampened confidence in the business sector, said Kriengkrai Thiennukul, chairman of the FTI.
“As the war continues, China’s lockdown measures remain a worry and a new geopolitical conflict between Iran and Israel erupts, the world is surrounded by uncertainties while it has yet to fully recover from the impact of Covid-19,” he said.
The FTI is closely monitoring the possible impact on Thai…
