Wednesday, May 2, 2018

FW: RHB | Thailand | Industrial Activity Remained Solid in 1Q18

 

 

 

 

 

Economic Research

2 May 2018

Thailand

 

Economic Update

 

 

 

Industrial Activity Remained Solid in 1Q18

 

Thailand’s manufacturing production index (MPI) expanded at a slower pace of 2.6% YoY in Mar 2018, from a revised +4.6% gain in the month before, mainly on the back of slower growth in the manufacture of E&E, auto and refined petroleum products, while the production of rubber products and furniture slipped into a decline. On a quarterly basis, the MPI expanded by 3.9%, easing slightly from a +4.4% gain recorded in 4Q17, indicating sustained economic activity. Despite a more moderate growth in MPI, we envisage real GDP growth to expand by a stronger pace of 4.2% in 1Q18, compared with 4% in 4Q17.

 

Economists:

Peck Boon Soon | +603 9280 2163

Aris Nazman Maslan  | +603 9280 2184

 

 

To access our recent reports please click on the links below:

 

24 April : Exports Continue To Slow In March

16 April : Land Of Smiles Keeps Smiling On Robust Tourism

03 April : CPI Jumps In March

03 April : Money Supply Eases In February

03 April : Industrial Activity Picks Up In February

 

Economic Team

Arup Raha

Group Chief Economist

arup.raha@rhbgroup.com

+65 6232 3896

Peck Boon Soon

Chief ASEAN Economics

bspeck@rhbgroup.com

+603 9280 2163

Vincent Loo

Malaysia, Vietnam

vincent.loo@rhbgroup.com

+603 9280 2172

Ahmad Nazmi Idrus

Singapore

ahmad.nazmi.idrus@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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