Thai Industries Sentiment Index shows first increase in four months

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Industries Sentiment Index shows first increase in four months

  

BANGKOK, 19 October 2016 (NNT) – The latest Thai Industries Sentiment Index (TISI) has shown the first increase in a four-months time. with the value reaching 84.8 from the increase of purchase orders in many industry groups, according to FTI. 

Federal of Thai Industries (FTI) President Jen Namchaisiri disclosed that TISI in September showed the increase to 84.8, compared to 83.3 in August, along with the rise in the first regional index in a 10-months time. 

Thai industries in September secured the increased purchase orders in electrical and electronic manufacturing sector as well as orders for air conditioners and coolers, automobile parts, cosmetics, processed seafood and pharmaceutical sectors. 

Sales of jewelry items and mobile devices also increased following the Bangkok Gems and Jewelry Fair 2016 and Mobile Expo 2016. 

The overall industrial sector has seen more purchase orders from foreign countries for shipments in the last quarter of 2016. 

Howver, the TISI remained below the 100 point level due to uncertainties related to the fluctuation of the global economy, the appreciation of the currency which can affect export industry, the rise in the oil prices which can affect the operational costs, and terrorism concerns. 

The FTI sentiment index for the next three months registered at 102.4, compared to 101.6 in August.

 

-- nnt 2016-10-19

[Srikcir]

When you look back over the last 8 month period, the overall picture isn't very encouraging for Thai industries:

• 87.5 in December 2015

• 86.3 points in January 2016

• 86.4 points in April 2016    

• 85 in May 2016

• 85.3 in June 2016
• 84.7 in July 2016

• 83.3 in August 2016

• 84.8 in September 2016

The goal would be 100 to be deemed "healthy."

[elgordo38]

3 hours ago, Srikcir said:

When you look back over the last 8 month period, the overall picture isn't very encouraging for Thai industries:

• 87.5 in December 2015

   

• 86.3 points in January 2016

   

• 86.4 points in April 2016    

   

• 85 in May 2016

   

• 85.3 in June 2016
• 84.7 in July 2016

   

• 83.3 in August 2016

   

• 84.8 in September 2016

 

 

The goal would be 100 to be deemed "healthy."

 

 

Industry figures do not translate into over indebted consumers rushing in to buy their products. Banks are tightening up the loan process. Everything is so optimistic here whether the business section of the newspaper or TV its all praise. Sorry to sound a bit pessimistic but it ebbs and flows into my body pushed by all these rosy government predictions and not just in Thailand. Everything is up up up and away like a HOT AIR balloon ride. Asian markets opened with a bang again this morning its all champagne and lollipops till it ain't no more. There is a Black Swan lurking on the horizon from whence it comes nobody knows.