Thai Industry Sentiment Index Hits Lowest Level in 11 Years

BANGKOK, May 20 (TNA) – Thai Industries Sentiment Index
(TISI) for April hit its lowest level in 11 years due to the consequences of
the Covid-19 lockdown.

The Federation of Thai Industries (FTI) reported the TISI
which came from a survey of companies in several industrial sectors.

FTI chairman Supant Mongkolsuthree said the Index further
dropped from 88.0 in March to 75.9 in April, the lowest since April 2009.

All businesses were concerned over the impacts of COVID-19
on economic activities from manufacturing to sales and exports, he said.

Many companies had suspended manufacturing and reduced their
workforce’s due to liquidity problems, said Supant.

The FTI called on the government to consider more assistance
for Small- and Medium Enterprises (SMEs) such as income tax exemption for three
years. (TNA)  

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