FW: RHB | Thailand | Exports Maintain Momentum On Broad-Based Gains

 

 

 

Economic Research			23 November 2017
Thailand
Economic Update
Exports Maintain Momentum On Broad-Based Gains   Thailand’s exports accelerated to +13.1% YoY in October, backed by broad-based growth. All industrial sectors showed improvement, while increased shipments of raw rubber and tapioca more than offset declines in rice and sugar exports. Going forward, electronic shipments should be supported by the iPhone X production cycle, while replacement demand from hurricane-stricken US and front-buying ahead of increased taxes in China would prop up vehicle shipments. However, exports from both these segments are expected to moderate due to base effects. Overall, we maintain our forecast for exports to grow by 7.5% in 2017, before easing to 7% next year.   Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below:   21 November: GDP Tops 4% As Exports Surge 9 November: BoT Keeps Policy Rate At 1.5% As Economy Improved 2 November: CPI To Pick Up Following Stronger Economic Growth 1 November: Foreign Operations Offset Domestic Easing 1 November: MPI Unchanged Despite Auto Slowdown
Economic Team
Peck Boon Soon	Chief ASEAN Economics	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo	Malaysia, Vietnam	vincent.loo@rhbgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

                                                                                                                                    

 

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