RHB | Thailand | Exports Still Declining, But Improving Trend

Economic Research	27 May 2015
Thailand
Economic Highlights
Exports Still Declining, But Improving Trend Despite being unable to grow for the fourth consecutive month, Thailand’s April customs merchandise exports declined by a significantly smaller magnitude of 1.7% y-o-y, compared to its -4.5% drop in March. Indeed, the smaller decline surprised markets by beating consensus’ median estimate of -3.3%, suggesting that the export engine is gaining some traction. The BHT depreciated 1.4% against the greenback in March might have helped as well. Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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