Current Account in Thailand
Thailand - Current AccountEconomic growth decelerated in the third quarter on a weakening external sector after exports were hit by spillovers from the U.S.-China trade spat. Domestic demand, however, remained resilient in the quarter, with private consumption growing at the fastest pace in nearly two years amid improving wage growth and subdued inflation. Data on the fourth quarter is somewhat mixed. The external sector started off on the wrong foot, recording a small deficit in October as merchandise import growth outpaced export growth. In addition, the manufacturing PMI remained below the critical 50-point mark through November, indicating a deterioration in operating conditions in the sector. In more positive news, private consumption expanded robustly in October, while private investment growth accelerated to a near six-year high in the same month.
Thailand - Current Account Data
|Current Account (% of GDP)||-1.2||3.7||8.0||11.7||10.6|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.49||0.0 %||Jan 16|
|Exchange Rate||31.78||0.17 %||Jan 16|
|Stock Market||1,577||-1.41 %||Jan 16|
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January 7, 2019
Consumer prices dropped 0.65% over the previous month in December, a sharper drop than November’s 0.22% decrease.
December 28, 2018
Manufacturing production moderated strongly to a 1.0% year-on-year expansion in November from an upwardly revised 5.8% increase in October (previously reported: +4.1% year-on-year) and came in below market expectations.
December 28, 2018
Thailand recorded a USD 1.2 billion trade deficit in November, a bigger shortfall than October’s USD 280 million deficit.
December 19, 2018
Following the increasing hawkishness of the Monetary Policy Committee of the Bank of Thailand since August, the committee raised the policy rate by 25 basis points to 1.75% from 1.50% at its meeting on 19 December.
December 3, 2018
Consumer prices dropped 0.22% over the previous month in November, contrasting the 0.06% price increase in October.