Retail Sales in Thailand
Thailand - Retail Sales
The economy rebounded in Q2, returning to growth for the first time since Q4 2019. Domestically, strengthening consumer and capital spending spearheaded the upturn, while externally, both exports and imports surged at the fastest rates in over a decade, albeit largely driven by a low base effect. Turning to Q3, the prognosis appears less encouraging. Daily Covid-19 infections have risen significantly in recent weeks, hitting record levels in mid-August amid a beleaguered vaccination campaign hampered by supply shortages. Against this background, opposition parties filed a no-confidence vote against Prime Minister Prayuth Chan-ocha, citing the government’s failure in its handling of the worsening pandemic. While it is unlikely he will be removed from power, the move is the latest sign of pressure on the PM, with renewed public anger manifested in a spate of protests across the country on 15 August.Thailand - Retail Sales Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 0.0 | 1.0 | 6.3 | 10.8 | 3.1 |
Thailand Retail Sales Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
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Economic News
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Thailand: Manufacturing activity drops at sharpest pace in 15 months in July
August 27, 2021
Manufacturing output dived 5.1% in month-on-month seasonally-adjusted terms in July, which was a deterioration from June's 0.3% decrease.
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Thailand: Merchandise exports grow at a more moderate pace in July
August 25, 2021
Merchandise exports rose 20.3% in annual terms in July, following June’s 43.8% jump.
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Thailand: Economy records quickest expansion since Q4 2012 in Q2
August 16, 2021
GDP rebounded in the second quarter, rising 7.5% year-on-year and contrasting the 2.6% contraction logged in the first quarter.
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Thailand: Consumer prices unchanged year-on-year in August
August 7, 2021
Consumer prices fell 0.18% over the previous month in August, a sharper drop than July's 0.12% fall.
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Thailand: Inflation drops to lowest level since March in July
August 5, 2021
Consumer prices fell 0.12% in July over the previous month, contrasting the 0.38% rise seen in June.
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