Thai digital industry sentiment hits three-year high amid economic recovery

A recent survey by the Digital Economy Promotion Agency (Depa) revealed that the Digital Industry Sentiment Index has risen above the 50-point threshold for the first time in a year, reaching a three-year high. The index reached 54.0 during the first quarter, up from 49.0 in the final quarter of 2022, indicating increased confidence among entrepreneurs as Thailand‘s economy recovers due to a tourism resurgence and increased foreign investment.

Five sectors were included in the survey: hardware and smart devices, software, digital services, digital content, and telecommunications. The results showed that three of these sectors had index values above 50, with digital content at 59.3, telecommunications at 58.6, and hardware and smart devices at 57.1. However, software and digital services remained below the threshold, with indices of 49.8 and 48.9, respectively.

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