Holidays dampen industrial sentiment
Thai Industries Sentiment Index (TISI) dipped in April as a result of the Songkran holidays, said the Federation of Thai Industries (FTI) while urging the government to expedite its move into the emerging markets and increase technology transfer measures.
Suphan Mongkolsuthree, FTI chairman, said the TISI fell to 89.1 n April from 90.7 in the previous month due to less-than-normal business days.
Business operators accelerated their production in March, leading to lower production in April as they were concerned over higher raw material and oil prices as well as wages and price competition, he said.
