ID :
150223
Wed, 11/17/2010 - 18:36
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Shortlink :
http://m.oananews.org//node/150223
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Thai Industries Sentiment Index in October drops to 4-month low
BANGKOK, Nov 17 - The Thai Industries Sentiment Index (TISI) in October dropped for the third consecutive month to 98.7 from 100.8 in September, the first time since June the index dropped below 100, according to Chairman Payungsak Chartsutipol of the Federation of Thai Industries (FTI).
Mr Payungsak said the declining index was attributed to lower total sales, total orders, production volume and production costs, caused by one of Thailand's one of severest floodings in 39 provinces affecting local residents to take their days off work and entrepreneurs unable to produce merchandise in time as well as haulting transportation in some areas. The lowered index was also owing to the rising baht in the past 13 years, rising oil prices, and concerns over the fragile global economy.
The future TISI for the next three months as projected declined to 110.1 from the 114.7 level in September as entrepreneurs in the industrial sector expected lower orders, sales, production volume and business turnover, all caused by concerns on the baht currency's appreciation and the economic downturn of United States and European countries affecting Thailand's export sector.
However, the future TISI was forecast to be higher than 100 reflected that entrepreneurs were confident in the industrial sector.
Meanwhile, Thai Industries Sentiment Index at the regional level indicated that TISI in central Thailand rose, while that in the North, Northeast, East and South dropped to a lower level compared to September's index due to floods in many provinces affecting the production and transport sectors.
The FTI chairman said entrepreneurs are concerned regarding effects from currency exchange rates the most, followed by the oil price situations, the world economy, internal politics and interest rates respectively.
Mr Payungsak said most entrepreneurs believed that the government should monitor to ensure that the currency exchange is stable, as well as create a learning centre to develop technology and innovation so as to build up the competitive ability to the Thai industrial sector, including tackling the problem of an insufficient workforce and creating clear and suitable environmental tax collections. (MCOT online news)
Mr Payungsak said the declining index was attributed to lower total sales, total orders, production volume and production costs, caused by one of Thailand's one of severest floodings in 39 provinces affecting local residents to take their days off work and entrepreneurs unable to produce merchandise in time as well as haulting transportation in some areas. The lowered index was also owing to the rising baht in the past 13 years, rising oil prices, and concerns over the fragile global economy.
The future TISI for the next three months as projected declined to 110.1 from the 114.7 level in September as entrepreneurs in the industrial sector expected lower orders, sales, production volume and business turnover, all caused by concerns on the baht currency's appreciation and the economic downturn of United States and European countries affecting Thailand's export sector.
However, the future TISI was forecast to be higher than 100 reflected that entrepreneurs were confident in the industrial sector.
Meanwhile, Thai Industries Sentiment Index at the regional level indicated that TISI in central Thailand rose, while that in the North, Northeast, East and South dropped to a lower level compared to September's index due to floods in many provinces affecting the production and transport sectors.
The FTI chairman said entrepreneurs are concerned regarding effects from currency exchange rates the most, followed by the oil price situations, the world economy, internal politics and interest rates respectively.
Mr Payungsak said most entrepreneurs believed that the government should monitor to ensure that the currency exchange is stable, as well as create a learning centre to develop technology and innovation so as to build up the competitive ability to the Thai industrial sector, including tackling the problem of an insufficient workforce and creating clear and suitable environmental tax collections. (MCOT online news)
