Thai industrial sentiment near 4-year high in Feb as tourism recovers

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BANGKOK : Thailand's industrial sentiment in February reached its highest level in 47 months, bolstered by a rebound in domestic demand and tourism, but weak exports were a concern, an industries group said on Wednesday.The Federation of Thai Industries (FTI) said its industries sentiment index rose to 96

BANGKOK : Thailand's industrial sentiment in February reached its highest level in 47 months, bolstered by a rebound in domestic demand and tourism, but weak exports were a concern, an industries group said on Wednesday.

The tourism sector, a key driver of Southeast Asia's second-largest economy, is expected to see 25-30 million foreign tourists this year, the government said, after beating its target in 2022 with 11.15 million visitors. The FTI's index, which projects industrial sentiment over the next three months, also increased in February.

"We want budget disbursements to continue as planned to support the economy until we have a new government," Kriengkrai said, adding the next government should be formed in August.

 

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