Oct TISI hits highest level in 7 months: FTI
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THE THAI Industrial Sentiment Index (TISI) improved to the highest level in seven months in October, while industries also foresaw better sentiment for the following three months, with more orders from overseas promoting overall manufacturing growth, the Federation of Thai Industries (FTI) said Wednesday.
The index increased from 84.8 points in September to 86.5 last month, largely due to higher orders to serve festive-season demand in both the overseas and domestic markets during the year-end period.
The future index for the next three months also improved, from 102.4 points in September to 102.9 last month – its highest level in 11 months.
FTI chairman Chen Namchaisiri attributed the TISI’s rise to higher demand for products for the upcoming festive season, especially from trading partners in China, Japan, Europe and the United States, which he said was driving growth of the manufacturing sector.
