Geopolitical tensions have been disrupting global supply chains, increasing production costs and weighing on Thailand's economic growth, according to the Finance Ministry.
Pisit Puapan, director of the Bureau of Macroeconomic Policy, a specialised division within the Fiscal Policy Office (FPO), said on Monday that the Thai Industries Sentiment Index (TISI) declined to 84.7 in May, down from 85.3 in the previous month, as business operators became increasingly concerned about the slowdown in the domestic economy and rising production costs.
