Economic Research | 10 August 2017 | |||
Thailand | ||||
Economic Update | ||||
Examining Thailand’s Changing Consumption Patterns Thailand’s retail sales index (RSI) accelerated 4.8% YoY in 5M17, however, that didn’t lift the optimism of corporate retailers. The divergence emerged as key drivers of the current growth cycle come from non-traditional sources, such as domestic tourism, financial products, and urbanisation gains. Also, e-commerce trades might have taken away some businesses from brick-and-mortar retailers. Nevertheless, with economic activities gaining momentum, coupled with a tightening job market and softening debt burdens, we expect private consumption growth to broaden in the latter part of the year and expand 4.2% in 2018, from an estimated +3.8% this year (+3.1% in 2016). Economist: Ng Kee Chou | +603 9280 2179 | ||||
To access our recent reports please click on the links below: 2 August: Energy The Key Driver Again As July CPI Ticks Up 2 August : June MPI Contracts Despite Strong Exports 1 August : Money Supply And Loan Growth Stable In June 21 July : Strong 2Q Growth Despite Slight Retreat In June 6 July : Central Bank Holds Rate, Lifts GDP Forecast 4 July : CPI Swayed By Global Oil, Consumer Demand Muted | ||||
Economic Team | ||||
Peck Boon Soon | Chief ASEAN Economics | +603 9280 2163 | ||
Vincent Loo | Malaysia, Vietnam | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.