Thai industry confidence index up, still below 100 | Bangkok Post: business

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Industry confidence rises in December

The Thai Industries Sentiment Index (TISI) was up for the second straight month, from 95.2 in November to 98.8 in December, Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said on Friday.

The FTI’s industry confidence survey was conducted in December but the FTI chief did not provide details on how many manufacturers were involved.

Mr Payungsak attributed the improvement in industry confidence to rising demand for goods and services boosted by the Christmas and New Year festivities.

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  • boons

    United StatesPost : 664

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    Discussion 1 : 25 Jan 2013 at 22.101

    How could it not with artificial stimulus, incentive schemes and irresponsible government spending covering up for the problems of falling global consumption, a high baht and rising costs of labor?

    Creating confidence is easy. The question is: When the global economic landscape is grim, what are the risks to this artificially created confidence?

    The answer will be apparent soon enough.

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