TISI reaches 104.3 in October

The Thai Industrial Sentiment Index (TISI) for October surged over 100 for the first time in three and a half years to stand at 104.3, up from 95.9 in September, the Federation of Thai Industries (FTI) reported on Tuesday.

“It also was the highest figure since March 2006,” the FTI said.

The  FTI predicted the TISI over the next three months would increase to 107.8 as manufacturers were confident the economy was recovering, which would help boost their sale volumes.

The  FTI attributed the improvement in the industrial confidence index for October to a surge in orders, sales volume, industrial output and the better performance of manufacturers due to global economic recovery, particularly among the country’s major trade partners.

The recovery in the automobile and property development sectors had also helped boost the production sector.

Car export volumes for October were down 11.89 per cent year-on-year to 59,502 units. However, it was the highest export figure since December 2008 and was 20.10 per cent higher than September.

Car exports in the first ten months of the year (Jan–Oct) totalled 423,298 units worth of 198.50 billion baht. Car exports dropped 36.54 per cent and the value 34.79 per cent.

Domestic car sales in October totalled 53, 271 units, up 9.5 per cent from the previous month. It was the best figure since the beginning of the year.