Current Account in Thailand
Thailand - Current AccountThe economy remained lackluster in the second quarter, after growth fell to an over four-year low in the first quarter. Exports, which are a key driver of the manufacturing sector and overall economic growth, likely contracted at a sharp rate in the second quarter. Manufacturing production, meanwhile, crashed in the same period, souring business confidence in turn. On the domestic front, private consumption growth likely eased in Q2 amid weakening consumer confidence and despite stronger retail sales in April and May. Softening domestic demand was also evident in faltering import growth, which further deteriorated in the quarter. Meanwhile, in the political arena, the government could face a no-confidence vote after the coalition lost five independent MPs in early August.
Thailand - Current Account Data
|Current Account (% of GDP)||-2.1||2.9||6.9||10.5||9.7|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Current Account Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Exchange Rate||30.56||0.17 %||Sep 04|
|Stock Market||1,659||-1.41 %||Sep 04|
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September 2, 2019
Consumer prices fell 0.19% month-on-month in August, contrasting the 0.06% increase in July.
August 26, 2019
Manufacturing output fell 3.2% year-on-year in July, up from June’s revised 5.3% contraction (previously reported: -5.5% year-on-year).
August 21, 2019
Exports rose 4.3% over the same month last year in July, contrasting both June’s 2.1% drop and the 2.3% decline that market analysts had expected.
August 19, 2019
Economic growth decelerated to 2.3% in annual terms in the second quarter as U.S.-China trade tensions and a strong baht hindered tourism, agricultural output and exports.
August 13, 2019
Consumer prices rose 0.06% month-on-month in July, contrasting the 0.36% decrease in June.