TISI drops to lowest level in 21 monthsEngineers assemble vehicle parts at a production facility. Pattanapong HirunardThe Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI). "The TISI will likely hit its lowest level in 45 months in three months time," said Mr Supant. The FTI also cut its car production estimates for 2020 to 1.9 million units from 2 million, a 5% decrease based on a host of economic difficulties. Domestic production dropped to 67,219 units or down 20.3% as the sales volume in the domestic market fell 17.1% to 68,271 units attributed to financial institutions tightening loan offerings.

Source: Bangkok Post March 19, 2020 23:48 UTC