Tuesday, November 29, 2016

Exports Slump In October, Imports Of Industrial Inputs Surge

Economic Research
29 November 2016
Thailand

Economic Highlights




Thailand’s exports eased to a contraction of 4.2% y-o-y in October, from a 3.4% gain the month before, dragged by contractions in both agricultural and industrial shipments.

Industrial exports fell 2.7% y-o-y, from +4.2% the month before, dragged by weaker demand in key sectors such as vehicles, electronics and electrical equipment. Similarly, agricultural shipments slumped 8.1 y-o-y, compared to +1.9% in September.

We project for export growth to remain flat this year, before slipping 1.6% in 2017, on the back of a challenging external economic environment.


Economist:  Ng Kee Chou  | +603 9280 2179

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