Thailand Economy Expands 0.6% QoQ in Q3

The Thai economy grew by 0.6 percent quarter-on-quarter in the three months to September of 2016, compared to a downwardly revised 0.7 percent expansion in the previous three months. The figure came in below expectations of a 0.7 percent expansion to hit the weakest growth rate since the June quarter of 2015. Private consumption slowed and exports rebounded while government spending contracted.

In the September quarter, private investment expanded 0.4 percent, accelerating from a 1.9 percent growth in the June quarter. In contrast, government spending shrank 5.3 percent, following a 4.4 percent contraction in the preceding quarter. Gross fixed capital formation decreased by 2.9  percent, after registering a 3.7 percent decline in the previous quarter. Exports of goods and services rose 1.2 percent, compared to a 2.1 percent contraction in the previous three months. In contrast, imports of goods and services went donw by 0.2 percent, following a 1.3 percent rise  in the preceding quarter.

On the production side, wholesale and retail trade, repair of motor rose (+1.3 percent from +1.1 percent) and financial intermediation (+0.6 percent from +1.62 percent). In contrast, agriculture fell (-0.1 percent from -1.0 percent), manufacturing (-0.1 percent from +1.2 percent), 

Year-on-year, the country's GDP expanded 3.2 percent from a year earlier in the September quarter of 2016, compared to a 3.5 percent expansion in the second quarter and market expectations of a 3.4 percent growth.

Thailand Economy Expands 0.6% QoQ in Q3

Chusnul |
11/21/2016 8:52:34 AM