Public Spending Slowed In July; Private Activities Remained Subdued

Economic Research	01 September 2016
Thailand
Economic Highlights
Public Spending Slowed In July; Private Activities Remained Subdued Thailand’s broad money (BM) growth eased to +4.1% y-o-y in July, from +4.3% the month before, dragged by a softer gains in both domestic claims and net foreign position, which slackened to +4.0% and +14.3% y-o-y, from +4.9% and +18.2% respectively the month before. The former was weighed down by a sharp slowdown in government disbursements, while the latter suffered from decelerated growth in claims on non-residents. Economist:  Ng Kee Chou  | +603 9280 2179
To access our recent reports please click on the links below: 01 September: Sharp Decline In July MPI As Auto, Chemicals Production Contract 29 August: Exports Slumped  In July, Dragged By Weak Auto, E&E Orders 16 August: Sharp Increase In Consumer Spending Masks Export Weakness 04 August: Policy Rate Unchanged, BOT Could Intervene If THB Strength Persists 02 August: Thai Referendum: Private Consumption To Be The Early Beneficiaries Of A “Yes” Vote   01 August: Broad Money Rebounded On Accelerated Government Spending