The Thailand Industry Sentiment Index (TISI) decreased for the first time in seven months to 92.6 points during the festive month of December last year, says the Federation of Thai Industries (FTI). The December TISI was based on a survey of 1,303 enterprises across 45 industries under the FTI. The FTI is concerned economic contraction, especially in Europe, will affect Thai shipments and economic growth this year. The World Bank has already warned of a global recession in 2023 after central banks raised interest rates in response to high inflation. Global crude oil prices came first, accounting for 54.4% of the vote, followed by domestic politics (40.2%) and the domestic economy (37.7%).

Source: Bangkok Post January 18, 2023 03:55 UTC