PanPan
Forumveteran
Economics: Thailand’s Economic Indicators (September): the economy showed more
signs of recovery
September merchandise exports, BoP basis, were down 4.2% YoY, a consecutive improvement
from -8.2% YoY in August and -11.9% YoY in July.
Private consumption was back to the same level in September last year due to a combination of
lockdown easing and extra holidays on 4th -7th September to promote local tourism.
Farm income surged by 9.7% YoY in September, up from an 8.8% YoY rise a month prior.
Manufacturing production advanced further in tandem with consumption and export recovery.
Looking ahead, we expect the government’s effort to promote domestic tourism and consumption
to help support consumption in the coming months.
In terms of trades, we predict that Thailand’s exports will continue to recover along with the global
trade rebound.
(See full report to be distributed this morning)
signs of recovery
September merchandise exports, BoP basis, were down 4.2% YoY, a consecutive improvement
from -8.2% YoY in August and -11.9% YoY in July.
Private consumption was back to the same level in September last year due to a combination of
lockdown easing and extra holidays on 4th -7th September to promote local tourism.
Farm income surged by 9.7% YoY in September, up from an 8.8% YoY rise a month prior.
Manufacturing production advanced further in tandem with consumption and export recovery.
Looking ahead, we expect the government’s effort to promote domestic tourism and consumption
to help support consumption in the coming months.
In terms of trades, we predict that Thailand’s exports will continue to recover along with the global
trade rebound.
(See full report to be distributed this morning)
