BANGKOK, Dec. 17 (Xinhua) -- Thailand's industrial confidence improved to its highest level in seven months in November, driven by the government's spending-stimulus measures, the tourism high season, and accelerated demand ahead of year-end festivities, data showed on Wednesday.
The Thai industries sentiment index rose to 89.1 last month, up from 87.3 in October, as all key components of the index picked up, according to the Federation of Thai Industries (FTI).
The reading was based on a survey of 1,356 entrepreneurs across 47 industry groups under the FTI.
The index forecast for the next three months continued its upward trend, climbing to 94.9 in the November survey from 93.5 a month earlier, supported by the Energy Regulatory Commission's decision to reduce electricity tariffs and expected higher orders during the annual motor expo. ■