Tuesday, September 27, 2016

Thai Exports Surge On Vehicle Shipments

Economic Research
27 September 2016

Economic Highlights

Thailand’s exports surged 6.5% y-o-y in August, rebounding strongly from a 6.4% fall the month before, partly boosted by low base effect.

Industrial exports rose 9.0% y-o-y, from -0.4% the month before, boosted by higher demand for vehicles, electronics and construction materials. Things were further improved as agricultural shipments fell at a slower pace compared to the month before.

We maintain our forecast for merchandise exports to slide 1.4% in 2016, compared to -5.8% last year, anticipating further improvement due to the low base effect in 4Q last year.

Economist:  Ng Kee Chou  | +603 9280 2179

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