FTI confidence index drops for December | Bangkok Post: news

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Industry confidence down on wage hike

The Thai Industries Sentiment Index (TISI) was down from 98.8 in December, 2012 to 97.3 in January, Payungsak Chartsuthipol, chairman of the Federation of Thai Industries (FTI), said on Thursday.

The FTI’s industry confidence survey was conducted in January, involving 1,085 manufacturers in 42 industry groups under the umbrella of the FTI.

Mr Payungsak attributed the drop in industry confidence to declining overall orders, output and higher production costs, particularly labour costs.

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