BANGKOK (Reuters) – Thailand’s industrial sentiment index rose for the second consecutive month in November, reaching its highest degree in eight months on rising exports and tourism, the Federation of Thai Industries mentioned on Wednesday.
The FTI Industrial Sentiment Index rose to 91.4 in November from 89.1 in October. Tourism and exports are the primary drivers of Thai development.
Confidence was additionally boosted by year-end orders and authorities spending, it mentioned in an announcement.
The federal government’s financial measures are anticipated to help Southeast Asia’s second-largest economic system within the first quarter of 2025, the report mentioned.
Nonetheless, one other federation index that initiatives sentiment over the subsequent three months fell to 96.7 in November from 98.4 the earlier month, as a result of considerations over U.S. commerce coverage, geopolitical points and the draft. of the Thai authorities to extend the minimal wage to 400 baht ($11.70), the FTI mentioned.
($1 = 34.22 baht)
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