Consumer Spending Shored Up Economic Growth In April

Economic Research	01 June 2016
Thailand
Economic Highlights
Consumer Spending Shored Up Economic Growth In April Thailand’s broad money supply (MS) growth picked up to +4.2% y-o-y in April, from its +3.7% print registered in the two consecutive months prior. The acceleration in growth was driven by a bump in narrow money and higher take-up of consumer loans, pointing to increased private consumption during the month. Meanwhile, public demand for credit and net foreign assets both eased from the month before, capping some of the upside. Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below: 01 June: MPI Growth Slowed  On Easing E&E Manufacturing 26 May: Thai Exports Relapse In April 17 May: Thai GDP Takes Off As Exports Cease To Be A Drag 12 May: BOT Keeps Policy Rate Unchanged 03 May: Significant Step Up In Thai Capacity Utilisation As MPI Uptrend Becomes Entrenched 03 May: Thai CPI Breaks Losing Streak On Rising Energy And Food Prices 03 May: Return Of Foreign Investors Helped Stabilise Money Supply