TISI continues to decline in October

Written by Writer on Thursday, November 20th, 2008

TISI continues to decline in October

BANGKOK, Nov 20 (TNA) – The Thai Industries Sentiment Index (TISI) continued to drop in October as a result of the persistent political uncertainties and the global economic crisis, according to the Federation of Thai Industries (FTI).

FTI chairman Santi Vilassakdanont revealed that the TISI random sample of 1,302 industrial operators in 39 industrial groups in October fell to 75.5 from 81.1 in September.

The expected TISI in the next three months stayed at 82.4, down from 90.8 in September.

The continued drop in TISI reflects different kinds of risk factors that will affect industrial operators in the next 3 months.

The confidence index based on the industry size dropped in all categories because purchase and sales orders placed locally and overseas had declined.

The index decline preceded a possible export slowdown due to global economic sluggishness.

Mr. Santi said most entrepreneurs shared a common view that the government should attempt to solve political woes urgently to restore consumer and investor confidence.

The government should accelerate disbursement of the 2009 budget to stimulate the economy, locate capital sources to help boost liquidity in the industrial sector, quickly find new markets with purchase potential to offset a shortfall in revenue, and supervise the currency exchange rates to ensure they are not volatile. (TNA)