FTI Proposes 'Buy Thai' Initiative to Boost Industrial GDP

According to Khaosod Online Thailand, the Federation of Thai Industries (FTI) has identified a 'K-shaped' recovery in the Thai economy, characterized by uneven growth across different sectors and business sizes. FTI Chair Pimjai Leeissaranukul noted that while the economy grew by 1.9% in the second quarter of 2026, this expansion remains fragile due to geopolitical tensions and rising energy costs.

Data from July 2026 shows a significant disparity in the Thai Industrial Sentiment Index (TISI). Large enterprises reported a score of 105.5, whereas small businesses struggled at 75.3. Sector-specific data further highlights this 'two-speed economy,' with the electronics sector performing strongly at 109.0, while the chemical industry declined to 59.7. Private consumption growth also slowed to 1.9% in the second quarter, down from 3.3% in the previous period.

To address these challenges, the FTI is advocating for a 'Buy Thai' initiative and the removal of production barriers, aiming to increase capacity utilization and contribute 140 billion baht to the industrial GDP. For residents and travelers, this suggests a period of economic adjustment where certain sectors may face volatility. While the FTI’s proposal aims to stabilize the industrial landscape, the long-term effectiveness of these measures and their impact on consumer prices remain to be confirmed.