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Economic
Research
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1
June 2017
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Thailand
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Economic Update
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Thailand’s BM growth picked up to 3.5% YoY in April, as public
demand for credit fell at a slightly reduced pace.
Going forward, we
maintain our projection for Thailand’s broad money (BM) to accelerate to 6.1% in 2017 from +4.2%
in 2016. This is as:
i. Exports are on course to grow 2.7%
this year, accelerating from +0.5% in 2016;
ii. Private investment is set to
rebound, particularly in exports, petroleum and public-private
partnership (PPP)-related
projects;
iii. Higher domestic demand on the back
of rising commodity and farm prices.
Private credit expanded 3.6% YoY in April,
unchanged as in the previous month. This was as household loans expanded
sharply, mitigating a slowdown in business loans demand.
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Thursday, June 1, 2017
Loan Growth Stabilises On Higher Consumer Demand
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