Growth drops slightly in Sept: BoT

 

 

BANGKOK, 1 November 2018 (NNT) - The Thai economy expanded in September at a slower rate than in the previous month but private consumption and public investment continued to grow. 

Director of the Bureau of Economic Analysis of the Bank of Thailand (BoT) Phornphen Sodsrichai said today that the Thai economy in September 2018 expanded in line with growth in private consumption and public expenditure.

 

Private investment was stable and production decreased following the shrinking export sector. The Thai export value in September dropped by 5.5% compared with the same period last year due to natural disasters in Japan, the Philippines and Hong Kong, said the director. 

The tourism sector decreased slightly while the number of Chinese tourists was still lower following the tour boat sinking in Phuket earlier in the year. 

As for the Thai economy in the third quarter this year, the director said it had expanded continuously mainly due to demand in the country. Private consumption grew well with spending in all categories of products. The export sector in the last quarter had a tendency to grow at a slower rate than the third quarter. 

The central bank will revise its 9% growth estimate for the Thai export sector this year, Ms. Phornphen said.

 

-- nnt 2018-11-01

Thailand is too small to be mentioned in this article, but this seem to hit direct at the core of the Thai industrial sector:

 

The most exposed countries have a high dependence on exports and a substantial presence in the electronics, auto, and shipping sectors.

 

https://www.bloomberg.com/news/features/2018-10-30/who-has-the-most-to-lose-if-china-s-trade-ambition-succeeds?srnd=premium-asia