InfoQuest (August 30, 2019) --According to the Bank of Thailand (BOT), Thailand's economy in July 2019 has improved slightly from the previous month. This was mainly owing to an increase in private consumption indicators along with the growing expenditure on durable and semi-durable goods, as well as a surge in the government's recurrent expenditure and capital expenditure. However, the overall trend has remained slow compared with the first half of the year.
Private investment indicators remained stable and the exports of goods expanded slightly, which was mainly owing to an increase in gold exports, but exports excluding gold continued to reduce, in line with industrial production. Tourism has been boosted as a result of the increased number of visitors from China and India, and the low base number caused by the Phuket boat capsizing may be part of the reasons.
The economy remained stable on the whole. The rise in the inflation rate in terms of the fresh food category led to a consequent rise in the overall inflation rate; the core inflation rate fell; the seasonal unemployment rate was higher than that of the previous month; the decrease in the trade surplus has led to a fall in the current account surplus compared with the previous month; the inflows of assets and liability capital and financial account exceeded outflows, resulting in a net surplus.
Source: InfoQuest, by Kasamarporn Kittisamphan / Rachada / Sasithorn, translated by Xinhua Silk Road
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