Thai Industries Sentiment Drops to a 11-Year Low, Pressuring by Covid-19 Outbreak

Thai industries sentiment index dropped to a 11-year low in April as a lower purchasing power and consumption, along with a decline in investment and employment caused by a worries over Covid-19 pandemic.

The TISI decreased from 88.0 in March to 75.9 in April.

Lacking of liquidity, especially medium and small businesses, and drought also one of pressuring factor on TISI contraction.

For the next 3 months, it expects that the industries sentiment index would drop to 88.8 from 96.0 in March due to the uncertain situation of global economy in the future that threatened by coronavirus.