Retail Sales in Thailand
Thailand - Retail Sales
Following a moderation in the pace of growth in the third quarter of 2018, the economy should have accelerated in the final quarter on the back of rising private consumption. Indeed, in October–November, annual private consumption growth remained broadly unchanged from the multi-year high averaged in the second quarter. In less positive news, however, the trade balance likely fell into the red in the fourth quarter on weakening export growth amid global trade tensions and robust import growth reflective of firming domestic demand. Moreover, business confidence worsened in December, falling into pessimistic territory. Meanwhile, in the political arena, scheduled general elections were once again delayed—this time from 24 February to mid-March, due to supposed administrative difficulties. This impelled the first protesters to take to the streets since the military government outlawed such demonstrations following the 2014 coup d’état.Thailand - Retail Sales Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Retail Sales (annual variation in %) | 0.0 | -5.8 | -0.1 | 1.0 | 6.2 |
Thailand Retail Sales Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.47 | 0.0 % | Jan 22 |
| Exchange Rate | 31.75 | 0.17 % | Jan 22 |
| Stock Market | 1,602 | -1.41 % | Jan 22 |
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Economic News
Thailand: Trade balance swings back into black in December
January 21, 2019
Thailand’s external sector logged a trade surplus of USD 1.1 billion in December, contrasting the USD 1.2 billion shortfall in November and markedly above the USD 220 million deficit of December 2017.
Thailand: Inflation moderates sharply in December
January 7, 2019
Consumer prices dropped 0.65% over the previous month in December, a sharper drop than November’s 0.22% decrease.
Thailand: Growth in manufacturing output eases markedly in November
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.
Thailand: Trade deficit widens in November
December 28, 2018
Thailand recorded a USD 1.2 billion trade deficit in November, a bigger shortfall than October’s USD 280 million deficit.
Thailand: Bank of Thailand raises rates for the first time in seven years in December
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.
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