International Reserves in Thailand
Thailand - International ReservesThe economy is set to enter recession in the second quarter, after GDP contracted for the first time in six years in the first quarter. Private consumption nosedived in April–May amid tumbling retail sales and deeply pessimistic consumer confidence, while imports shrank markedly in the same period, reflecting lower domestic demand. Manufacturing output continued to collapse in May, with motor vehicle production down 70% on the same month a year ago. Consequently, exports contracted at the fastest pace in over a decade as external demand receded due to the global pandemic. However, the panorama appears to be improving at the end of the second quarter and into the third as lockdown conditions continue to be lifted. June’s PMI indicated a softening in the manufacturing sector downturn; business and consumer confidence rose in the same month, above the lows set in April; and high frequency data indicated an uptick in activity in early July.
Thailand - International Reserves Data
|International Reserves (USD)||157||172||203||206||224|
5 years of economic forecasts for more than 30 economic indicators.
Thailand International Reserves Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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July 29, 2020
On an annual basis, manufacturing output’s fall decelerated to 17.7% in June (May: -23.8% yoy).
July 23, 2020
Merchandise exports dived 23.2% over the same month last year in June (May: -22.5% year-on-year).
July 4, 2020
Consumer prices increased 1.56% in June over the previous month, accelerating from May's 0.01% rise.
June 28, 2020
On an annual basis, manufacturing output fell at a more pronounced rate of 23.2% in May (April: -18.2% yoy).
June 24, 2020
At its 24 June meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) left the policy rate at 0.50%, a record low, after having cut the rate by 25 basis points in its previous meeting in May.