It’s the economy stupid.
Just have a quick look @ the below table, it explains itself
Read More →Tag: Thai economy
Thailand’s GDP Growth +4.2% YoY
The National Economics and Social Development Board (NESDB) reported that the Thai 2Q12 GDP expanded +4.2YoY%, improving from the +0.4% YoY in 1Q12 and on a quarterly basis expanded +3.3% QoQ. Chart 1: Thailand quarterly & Annual GDP Growth YoY% Chart 2: Thailand’s Quarterly GDP Growth YoY% Key drivers appear to be: Consumption +5.9% Investments: […]
Read More →Thai inflation picks up slightly
Two days ago the Ministry of Commerce announced the inflation figures for June 2012, +2.56% YoY up from 2.53% in May. Anything interesting? House and furnishing prices increased 0.28% MoM (function of an increase in construction materials, rental fees, water and electricity chargers) Food and beverage prices remained flat Going forward? We’ve mentioned continuously that […]
Read More →Thai Exports start growing again
According to the MoC, May exports expanded 7.7% to US$20.9 bn, increasing from the -3.7% YoY in April and on a MoM basis +23.7% as most industries have resumed normal operations. Just briefly: Industrial product exports (reps 73.2% of exports) was +9.5% YoY w/ autos +83.5%, electric appliances +11.8% and electronics parts +10.9% Agri products […]
Read More →How important is Japan to Thailand?
The prime minster, Yingluck, was in Japan and gave a speech entitled “Unbeatable Thailand, Unparalleled Opportunities”. Within it contained some key points illustrating how important Japan is to Thailand’s economic growth and health. Japan is Thailand’s largest trading partner. Our exports to Japan grew by 8.3 percent last year. You are also Thailand’s largest investor. […]
Read More →Thai 4Q11 GDP estimates downgraded…So what?
Over at my friend’s Ake’s website, www.chartingthailandeconomy.com, he put up a little graph showing a big downward revision for 2011 growth. Well look, the post-flood recovery progress begun in December 2011 with factories and industrial estates restarting and the government’s plan for rehabilitation (including the THB 350 bn flood reconstruction and water management plan) won’t […]
Read More →Thai October Econ figures weak, no surprise
Given the flooding situation its no surprise that the Thailand’s econ figures for October were weak and we expect that November would be even weaker. See below for some quick highlights. Consumption, investment, government spending and exports were all weak in October. Manufacturing (36% drop in MPI) got hit far larger than agriculture sector (+7% […]
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