Optimism in Thai Industry on the Rise

The Thai industrial sentiment index experienced a notable increase in November, marking its highest level in eight months, according to the Federation of Thai Industries (FTI). This rise is attributed to stronger exports and a rebound in tourism, both critical for Thailand's economic growth.

The FTI's industrial sentiment index climbed to 91.4 in November, up from 89.1 in October. The boost in sentiment is also linked to year-end orders and increased government spending.

Government Policies to Support Economic Growth

The Thai government's economic measures are anticipated to further support the country's economy, particularly in the first quarter of 2025. However, the federation's forward-looking index, which gauges sentiment over the next three months, slipped to 96.7 in November from 98.4 in the previous month.

This decline reflects concerns over U.S. trade policies, geopolitical issues, and the Thai government's plan to raise the minimum wage to 400 baht ($11.70).