Exports contracted by -2.1%YOY in June, or -8.7% without Gold With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY. The value of Thai exports in June 2019 fell…
Thai exports could drop 0.6% in 2019 The University of the Thai Chamber of Commerce predicts that Thai exports in 2019 will drop 0.6% year on year, the first contraction in four years. Dr. Aat Pisanwanich, Director of Center for International Trade Studies (CITS) of UTCC, said that total Thai exports this year are expected…
Thai inflation climbed to 1.24% in March 2019 Core inflation stood at 0.58%YOY, stable from 0.60%YOY in the previous month following stagnated prepared food, housing rent and medical and personal care price index. Headline inflation surged to 1.24%YOY in March, up from 0.73%YOY in the previous month. Raw food and energy prices are the main drivers…
Thai Exports down 2.91% in the first half of 2019 Thai exports were down 2.15% in June, causing the sector to contract 2.91% in the first half of the year. BANGKOK, 22nd July 2019 (NNT) – The ongoing trade war between China and the United States continues to affect Thailand’s export sector. Last month, exports…
Economists predict Thai exports could fall 3.1% this year Economists are forecasting that Thailand’s exports will drop by up to 3.1% for 2019 after June figures fell when compared to the same period last year. After the Commerce Ministry reported a 2.1% fall in June, the SCB Economic Intelligence Centre projected the country’s exports will…
IMF cut global growth GDP in 2019 to 3.3% warning of higher risk The International Monetary Fund (IMF) announced its downward revision of global growth estimate in 2019 to 3.3%, down from 3.5%, and of global trade volume estimate to 3.4% from 4% The International Monetary Fund (IMF) announced its downward revision of global growth…
SCB cuts GDP growth forecast to 3.1% The EIC has revised downwards its Thai economic expectations in 2019 to 3.1 percent from 3.3 percent, largely as a result of the trade war between the United States and China Bangkok, (NNT) – Government investment remains the main factor in steering the economy as the trade war…
Thailand rice exports droop due to strong baht Rice exports have fallen 12% for the first half of this year, mostly related to the strong Thai currency. An export group says that sales targets for Thai rice will fall short of the 2019 target of 9.5 million tonnes. The Thai Rice Exporters admit they will…
Political uncertainty takes toll on Thai growth The country’s growth rate is projected to fall from 4.1 percent in 2018 to 3.5 percent in 2019, according to the World Bank’s Thailand Economic Monitor, released today. According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.…
Low prices of farm goods raise concern Government and opposition MPs debated the low prices of rice, rubber, oil palm, longan, maize, coconut, sugarcane, onion and garlic as well as marine products. BANGKOK, 06 July 2019 (NNT) -The House of Representatives has considered urgent motions on the low prices of farm goods and resolved to…