Retail Sales in Thailand
Thailand - Retail SalesThe 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
|Retail Sales (annual variation in %)||0.0||1.0||6.3||10.8||3.1|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Retail Sales Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Exchange Rate||30.11||0.17 %||Dec 30|
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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.
August 25, 2021
Merchandise exports rose 20.3% in annual terms in July, following June’s 43.8% jump.
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.
August 7, 2021
Consumer prices fell 0.18% over the previous month in August, a sharper drop than July's 0.12% fall.
August 5, 2021
Consumer prices fell 0.12% in July over the previous month, contrasting the 0.38% rise seen in June.