The Thailand Industry Sentiment Index (TISI) rose to 93.9 points in January, the highest level in 43 months, up from 92.6 points in December last year as entrepreneurs benefited from the state "Shop Dee Mee Khuen" tax rebate, the tourism recovery and China's reopening.
Shop Dee Mee Khuen allowed customers to claim up to 40,000 baht in tax deductions for goods and services purchased between Jan 1 and Feb 15 this year.
This scheme helped increase demand for goods, said Suchart Chantaranakaracha, vice-chairman of the Federation of Thai Industries (FTI).
