Thai industrial sentiment hits 8-month excessive in November on higher tourism, exports

BANGKOK (Reuters) – The Thai industrial sentiment index rose for a second consecutive month in November, reaching its highest degree in eight months on stronger exports and tourism, the Federation of Thai Industries mentioned on Wednesday.

The FTI’s industrial sentiment index elevated to 91.4 in November from 89.1 in October. Tourism and exports are key drivers of Thailand’s development.

Sentiment was additionally bolstered by year-end orders and authorities spending, it mentioned in a press release.

Authorities financial measures are anticipated to assist Southeast Asia’s second-largest economic system within the first quarter of 2025, it mentioned.

Nonetheless, one other index of the federation that tasks sentiment over the following three months dropped to 96.7 in November from 98.4 within the earlier month, on considerations over U.S. commerce insurance policies, geopolitical points and the Thai authorities’s plan to lift the minimal wage to 400 baht ($11.70), the FTI mentioned.

($1 = 34.22 baht)