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Thai Industries Sentiment Index rose in November
By Digital Content



BANGKOK, Dec 24 -- The Federation of Thai Industries reported that its Thai Industries Sentiment Index (TISI) rose to 89.7 in November, up from 87.5 in October, thanks to sales promotions for the New Year holiday.

FTI Chairman Supant Mongkolsuthree said the TISI increased as year-end promotions stimulated sales in many industries including foods, electrical and electronic appliances and fashion industries.

Meanwhile, exports recovered and lower oil prices cut production costs. However, small and medium-sized entrepreneurs remained worried about liquidity, the shortage of raw materials and their fluctuating prices.

The industries sentiment index for the next three months rose to 106.1 in November from 105.6 in October due to orders, sales, production quantity and costs, and operational results.

FTI deputy chairman Surapong Paisitpattanapong who is also the spokesman of the FTI’s Automotive Industry Club said 158,038 vehicles were produced in Thailand in November.

The figure fell by 13.55 per cent year-on-year and by 1.08 per cent from October this year.

In the first 11 months of this year, 1,726,338 vehicles were produced locally, dropping by 24.88 per cent year-on-year. This month 176,000 vehicles are expected to be produced, down from the normal production of 200,000 units.

This year's production should stand at 1.9 million vehicles, declining by 23 per cent from the target of 2.4 million units.

Exports are anticipated at 1.13 million vehicles, with 880,000 expected to be sold locally. Last year's production was 2.457 million vehicles. (MCOT online news)


-- TNA 2014-12-24

[rickirs]

"... Thai Industries Sentiment Index (TISI) rose to 89.7 in November, up from 87.5 in October, thanks to sales promotions for the New Year holiday."

So the economy is back to normal - right? At a time of the year when the Index should rise, it did.

EXCEPT:

- Index fell by 13.55% year-on-year

- Vehicles produced locally dropped by 24.88% year-on-year

- Production declined by 23%

- Export of vehicles declined 46%

MEANWHILE:

- Less than half of Small and Medium Enterprises can gain access to financing

- Survey of SME's in 12 provinces found that 41.1% deemed the third quarter economic performance as being worse than expected

- Most SMEs are unable to compete within the ASEAN Community due to lack in language, business allies, capital sources, and cross-border experience

The only thing trending upward in the Thai economy is the slow realization that it's not. The Junta has been consistently "a day late and a baht short" in its economic policies to restore the Thai economy.

[ikke]

The way this officials make statements says all about Thai education.

In any country in the world (where they celebrate new year) the local economy rises in November/December so do they really think Thai economy is growing now, NO, under this government it was and is still in a fast down spiral.