Export Decline Eased In June, Pointing To A Pick-up In 2Q Manufacturing Activities

Economic Research	28 July 2016
Thailand
Economic Highlights
Export Decline Eased In June, Pointing To A Pick-up In 2Q Manufacturing Activities Thailand’s exports dipped 0.1% y-o-y in June, moderating from a 4.4% fall the month before, supported by enlarged shipments of cars, electronics and gold. Meanwhile, agricultural exports declined at a quicker pace than before, capping some of the upside. On the other hand, June imports plunged 10.1% y-o-y, from +0.5% the month before, dragged mainly by capital goods hinting that private investment is set to remain weak in 2H. As a result, trade balance returned a surplus of USD2.0bn, compared to USD1.5bn in May. Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below: 04 July: CPI Remains Positive As Consumption Indicators Pick Up 01 July: Broad Money Growth Stable; “Brexit” Expected To Be Negative But Manageable 27 June: Rising Vehicle Shipments Helped Slow Contraction In Thai Exports 23 June: BOT Preserves Policy Space In The Face Of Building External Risk 02 June: Core CPI Stable As Vegetables Kept The Party Going For Thailand 01 June: Consumer Spending Shored Up Economic Growth In April