Thailand’s Industrial Sentiment Hit 43-Month High in January

Thailand’s industrial sentiment climbed to 93.9 in January, up from 92.6 the previous month, the highest level in 43 months, boosted by increased domestic consumption and a robust rebound in tourism.

The Federation of Thai Industries (FTI) stated on Wednesday that its industries sentiment index surged to 93.9 last month, the highest level since June 2019, as the “Shop Dee Mee Kuen” program, which began on January 1, has bolstered domestic consumption, as well as a sustained rebound in tourists, particularly since China reopened its borders.

However, Thai exports continue to face challenges from weaker global demand amid sluggish economies, notably in trading partners such as the United States and Europe.