Thailand’s industrial optimism indicator increased to a decade high in March, according to the government.
The Industrial Sentiment Index (TISI) surged to 97.8 points in March, up from 94.1 points in January and 96.8 points in February, according to Government Spokesperson Anucha Burapachaisri, and was the highest since January 2013. An opinion poll of 1,322 industrial entrepreneurs encompassing 45 industry categories discovered an increase in domestic demand due to increasing purchasing power and tourism revival.
However, Anucha observed that firms are concerned about increased production costs due to increases in raw material prices, energy costs, inflation, and the condition of the baht currency. Along with global economic volatility and geopolitical tensions, these challenges provide considerable downside risks that could stymie a strong rebound.
The spokesperson stated that the government is willing to respond to private-sector proposals and address issues such as high energy prices and the need to secure new markets for Thai exports. He went on to say that with the correct steps, the index might even reach 100 to 106.3 by the end of June.
 surged to 97.8 points in March, up from 94.1 points in January and 96.8 points in February, according to Government Spokesperson Anucha Burapachaisri, and was the highest since January 2013.){kind=link}