Thai Industrial Sentiment Rises for 4 Straight Months as Tourism Rebounds

The industrial sentiment index in Thailand increased for the fourth consecutive month in September, hitting a 32-month high, due to stronger domestic demand and a recovery of the country’s key tourism sector, an industries group said on Wednesday.

The Federation of Thai Industries (FTI) said its industries sentiment index rose to 91.8 in September from 90.5 in the previous month.

FTI chairman Kriengkrai Thiennukul said in a statement that a weak baht, which hovered at a 16-year low against the dollar, also contributed to the upbeat mood.

However, he warns that the index was still below 100, indicating that conditions were suboptimal, and that it was still under pressure from rising energy and material prices, supply shortages, and a global economic slowdown.