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Thai industries sentiment index reaches a 25-month high

The Federation of Thai Industries (FTI) said its industries sentiment index has reached a two-year high of 89.2 in March from a drop of 86.7 in the previous month. FTI Chairman Supant Mongkolsuthree said the overall situation is nearly normal and people are getting back to work and spending more money. The industries group is urging the government to further relax travel restrictions to boost the vital tourism sector, which was a key growth engine before the pandemic. Thailand has allowed some Songkran celebrations this year, but it has banned the infamous street water fights that in a normal year draw thousands of people into the streets, spraying water guns and throwing water balloons at each other. Thailand imposed tight Covid-19 curbs during Songkran holidays last year resulting in the lowest spending in 10 years.


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