Economic Research | 2 May 2018 | |||
Thailand | ||||
Economic Update | ||||
Industrial Activity Remained Solid in 1Q18 Thailand’s manufacturing production index (MPI) expanded at a slower pace of 2.6% YoY in Mar 2018, from a revised +4.6% gain in the month before, mainly on the back of slower growth in the manufacture of E&E, auto and refined petroleum products, while the production of rubber products and furniture slipped into a decline. On a quarterly basis, the MPI expanded by 3.9%, easing slightly from a +4.4% gain recorded in 4Q17, indicating sustained economic activity. Despite a more moderate growth in MPI, we envisage real GDP growth to expand by a stronger pace of 4.2% in 1Q18, compared with 4% in 4Q17. Economists: Peck Boon Soon | +603 9280 2163 Aris Nazman Maslan | +603 9280 2184 | ||||
To access our recent reports please click on the links below: 24 April : Exports Continue To Slow In March 16 April : Land Of Smiles Keeps Smiling On Robust Tourism 03 April : CPI Jumps In March 03 April : Money Supply Eases In February 03 April : Industrial Activity Picks Up In February | ||||
Economic Team | ||||
Arup Raha | Group Chief Economist | +65 6232 3896 | ||
Peck Boon Soon | Chief ASEAN Economics | +603 9280 2163 | ||
Vincent Loo | Malaysia, Vietnam | +603 9280 2172 | ||
Ahmad Nazmi Idrus | Singapore | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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